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Money and Finances
Reply to "Please explain the federal annuity"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This is very helpful. Can one of the experts give me their thoughts on this scenario? My DW is a GS 15 10, making $163,000 per year. She's been a federal employee (attorney) for 18.5 years. She's thinking of switching to the private sector in a few years. She likes working and so plans to work until 65 or later. Should she wait until after she has 20 years of federal employment to make the switch to the private sector, since she's only 1.5 years away? And if she doesn't feel strongly about making the switch to the private sector, what about just staying in the current job, which she likes well enough? Thank you.[/quote] The salary tables do not indicate that GS 15-10 is paid 163k. Regardless of that, leaving before getting 20 years in would be monumentally stupid.[/quote] Wow— I could be your wife, also with a very transferable expertise and 18 years in, except I’m 47 and a 15-8. I am struggling with this same decision. At this point, I am inclined to stay 2 more years for sure to have 20 years in, but still can’t figure out what to do after that. The trade offs of going to a firm seem huge, given the relative comfort of my current position, and my kids will still be in HS and middle school. My marketability also will likely be peaking in about 2 years ( if it isn’t now) due to some new developments in the field. I have received sone expressions of interest from firms/headhunters very recently but haven’t followed up. If I wait 8 more years it will be so much better for the family, but I will have to really work at keeping up my contacts, publishing, etc. to try to maintain marketability. I’m kind of worried my current desirability will evaporate. And that I’ll have missed my chance. [/quote]
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