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Reply to "Federal Retirement Question"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]it depends on whether Op wants to leave $ for her kids or not. if so, then it would be wise to wait until 62. if not, then op has more than enough to survive. i can certainly understand her dilemma. [/quote] [b]You don’t have enough facts to know that the few years’ difference in taking the pension at age 58 vs 62 is going to have a significant impact on the size of her estate.[/b] I am a DP but similarly situated, planning my retirement from the government next year at 58. I have over $1M in my TSP, personal/inherited investments, and a lot of equity in my home. I will be leaving money to my kids regardless of when I start collecting my pension. What I don’t know is what the future will bring in terms of health. I’ve enjoyed my career but it has been 34 years and I’d like to be free to travel and do other things while I can. Hopefully for a long time![/quote] Yes PP, I can't disagree. That's why it's called planning. I am like OP and your situation (60/36 years currently), so I can fully understand the situation. [/quote]
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