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[quote=Anonymous][quote=Anonymous]OP--DH will be drawing a military pension and working at the same time until 62 making ~180/190K a year. Both of us are government employees in a good employable field. His TSP will be about the same maybe more. My pension will be about 5K (pre-tax) a month plus other benefits like SSA supplement and another 1K per month from a prior employer. I plan to work somewhere part-time as well for groceries, discretional spending, etc.[/quote]

are you at the federal reserve, or somewhere else with a higher multiplier? because otherwise, not being 62, your multiplier would be 1% per year. To get to a $5k a month pension at 30 years of service, you would have to be making at least $200,000 now. To be making $200k and have a 30-year TSP that you project will be only $350k in two more years boggles the mind. I've only been a fed for 10 years and my TSP is at $600k, and I feel behind. What is your TSP at now? What funds is it in? Do you have 529s set up? I also think its highly unlikely the supplement survives in the intervening 9 years (supplement only starts at MRA), you should exclude it from your calculations.

Honestly, not much changes if you were to take a VERA now rather than in 2 years- either way I think you'd need to continue working, just maybe not in the federal gov. But since you aren't trying to lock in the health insurance benefit, instead relying on your husbands, I don't see how well it benefits you. You need to be saving a lot more for your own retirement, and likely for college tuition as well. And retiring at 50 from the federal government and picking up only part-time work without a 401k means you lose access to catch-up retirement contributions. Moving and accessing your home equity means uprooting your kids from their schools at kind of a critical point, as well.

Of course, if you have a non-retirement $3mil brokerage account or something that you forgot to mention, then retire away.[/quote]

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