Basic retirement advice.

[Sunofa]

Don’t want to dissuade your decision if you’re set on taking the supplement. The extra 10% gained by staying to 62 is not the figure to compare to how many yrs it would take to “break even” to equal the supplement you could be receiving. By working 2 more years you would make a full salary for those 2 years and have 2 more years that you could contribute to tsp and also up your SS benefit. As an example consider if someone can get the supplement for 2 yrs at $15000/yr=$30K. Say they currently make $80K/yr. Next yr the 1.5% raise would bring it to $81.2K. So amount made in 2 yrs = 161.2K, which is $131.2K more than they’d get from the supplement. Sock $70K more in tsp with growth in those 2 yrs and it’d potentially make a big difference also. Now consider if their high 3 was about $78K. Their pension would be 20x.01x$78K=$15.6K/yr but in 2 yrs their high 3 might increase to say $80K which would then make their pension worth 22x.011x $80K= $19,360 or $3,760 more per year for the rest of their life. Last but not least 2 yrs can feel like forever or nothing at all depending on how you look at it.

You nailed it! A financial services agent would charge a fee for info like that. Seeking professional advice wouldn't be a bad idea for a big decision as this.

 

[Haygrrl]

Same. It was more than time. Everyday I say a brief thank you for working when I did. I left because I couldn't tolerate either side anymore - they were both incompetent.

Same

 

[DB.Cooper]

Same. It was more than time. Everyday I say a brief thank you for working when I did. I left because I couldn't tolerate either side anymore - they were both incompetent.

And yet, there are still some that seem satisfied with it... Altho, I think that number has dwindled WAY down in the past years and decades... sad that it used to be a pretty good job for most rurals...

 

[RammerJammer]

They made me into the beast that I am. I can tolerate any they dole out and give it back to them twofold! My favorite coworker had a saying that alleviated to the mail flow but I always apply it to other things. On a heavy day he’d exclaim “ they got me today but I’ll get em back tomorrow.”