Reply to Federal Retirement Question

Forum Index » Money and Finances

Reply to "Federal Retirement Question"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]Fers Supplement would (in current dollars) add up to 26,232 a year assuming 34 years service.

FERS Annuity Supplement total would be: 104,928.

FERS Annuity total  (current dollars) for those four years would be: 3960x48=190,080

So that's 295,008 that you would not have forfeited.

Even with receiving 12,000 less per year, it would take 24 years for it to have. made more sense to wait to retire given the supplement and additional pension payments.

If, say, you know that you have a serious medical condition like diabetes or rheumatoid arthritis, then it might not make sense to wait.

A lot of people before 82 which is what it would take in my family for it to make sense financially to wait.

Of course, we have a lot of money in the bank (plenty for college and retirement), and will have a paid off house long before retirement, so we'll have even more in the bank by then.

I'm just saying, it makes sense to do your own math on this.  And don't assume you'll live to 100 if the facts (family history and medical history) don't indicate you or your spouse will.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics