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Reply to "Federal Retirement Question"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]62 is the best time because in addition to the COLA's the formula is 1.1 instead of 1% for each year of work. But those aren't the only concerns. What is in your TSP, taxable accounts, will you have a mortgage, kids to put through college, etc? [/quote] The 1.1% vs. 1% of high three isn't based on being 62. It's based on having 20 yrs of service vs. having less than 20 yrs of service. If you have 20 yrs of service at age 59, you still get 1.1% of your high three. [/quote] Why are you posting here when you have no clue about the facts?[/quote]
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