It's Official, but different

[RedlandRanger]

CONGRATS too everyone thats been able to retire and are enjoying yourself

As with others here, I'm ready for that day to get here

ONLY 2 YEARS, 5 MONTHS, 14 DAYS, 1 HOUR, 31 MINUTES, and 32 SECONDS TO GO (December 31, 2026) and it will be time to and do what I want when I want (HOPEFULLY) ?

Well, maybe once it warms up a little ???

Unless you have other options for insurance, you might want to think about moving your date forward a day or two. Most places will pay your benefits thru the end of the month you quit. I found this out the hard way several years ago - one reason my retirement date is tentatively on the 2nd of the month.

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[philanderer]

64 and semi retired for 2 years. work about 22 hours a week. still with the same company for 34 years, but my job responsibilities changed when i semi retired, and i now like my job, where i hated it for the last 5 years or so when i was full time. sleep better and dont dread going to work. turn 65 in january so i will see how i feel then. maybe work prn for awhile, just to get out of the house a few days a month

 

[fjwlobo]

y'all are old.

Now, get off my lawn.

But my dogs haven't left you a present yet ??

Oh well, this will have to doo doo doo

???

?????

 

[wetidlerjr]

I retired at the age of 60 over 16 years ago. If I had known when I hired on that I could stay home and be paid for it, I would have retired when they hired me.

 

[fjwlobo]

Unless you have other options for insurance, you might want to think about moving your date forward a day or two. Most places will pay your benefits thru the end of the month you quit. I found this out the hard way several years ago - one reason my retirement date is tentatively on the 2nd of the month.

I wouldn't mind going on the 2nd. I'd get payed for the holiday on the 1st. ?

With having a government job, you can't work any days the whole month before you get your first check. That means I would lose a month of my retirement and SS if I retired on the 2nd. I wouldn't get a check until March instead of February.
??‍????

It's bad enough that it can take up to 6 months before you get your actual retirement pay. They pay you the back money at that point; so you do get a little bonus. ?

 

[RedlandRanger]

I wouldn't mind going on the 2nd. I'd get payed for the holiday on the 1st. ?

With having a government job, you can't work any days the whole month before you get your first check. That means I would lose a month of my retirement and SS if I retired on the 2nd. I wouldn't get a check until March instead of February.
??‍????

It's bad enough that it can take up to 6 months before you get your actual retirement pay. They pay you the back money at that point; so you do get a little bonus. ?

I guess government jobs are different - maybe the benefits are different too. I learned the hard way never to quit on the last day of the month (or year). One place I found out that I was uninsured (unless I invoked COBRA coverage retroactively) for a couple of weeks since my prior job terminated at the end of the month and the new job didn't kick in for a couple of weeks. Another time I found out if I had started ONE DAY earlier (before the first of the year), I would have been eligible for the pension plan - the following year they eliminated the traditional pension plan in favor of a cash plan - traditional pension plans are pretty rare these days.

I'm tentatively planning to retire next April 2nd which would mean I don't have to start paying for health insurance until May. Fingers crossed that all works out to plan!

 

[NotBudule2]

I wouldn't mind going on the 2nd. I'd get payed for the holiday on the 1st. ?

With having a government job, you can't work any days the whole month before you get your first check. That means I would lose a month of my retirement and SS if I retired on the 2nd. I wouldn't get a check until March instead of February.
??‍????

It's bad enough that it can take up to 6 months before you get your actual retirement pay. They pay you the back money at that point; so you do get a little bonus. ?

Wifey just retired from a gov job, and yes, they make it confusing and they make you wait for your money ? a long time , plus you have to watch your leave (use it up )or they end up with it...

 

[MXGOLF]

Good luck to you. I don't want to be the sand in your Vaseline so don't take this negatively. The government is betting that we don't live long, and we are betting that we do. Last year I lost both my brother and my sister, ages 66 and 64. Sitting here now at age 62 makes a man think "why wait" to take SS. I would get a large bump in my monthly payment by waiting until I'm 67, but who knows, I may be dead. Plus, there's the whole 'break even' point at around 80... if you take SS early and die before the breakeven point, then you will have collected more money than if you waited longer to take it. If you live past the breakeven, then you end up collecting less money in total.

So, do you want to roll the dice? Everyone's situation is different, and I wouldn't fault anyone either way.

My Dad was 95 when he got Covid and passed and his brother was 96 when he passed and my mom was 90. I think I have longevity in my veins.

 

[NotBudule2]

I have longevity in my veins.

 

[Jhbryaniv]

But my dog hasn't left you a present yet ??.

Oh well, this will have to do ???

?????

Joke is on you, the edge of our yard along the sidewalk is all rocks, and inside of that is a fence. No dog shitting in my yard. and they pee on the fence posts so it doesn't kill my grass. LOL

 

[rang19ca]

So sorry for the screwing your employer did to you, OP. I was lucky enough to be just underpaid but have good benefits otherwise for my 2 long term jobs totaling 42 years. I have been retired for 5 1/2 years and celebrate 6 Saturdays and a Sunday every week. Stayed employed till 66 at full SS age. My wife and I live a comfortable lowkey life and have no debts. Don't care what day it is except for trash day, Ha Ha.

 

[Tom_C]

I took SS at 62 which gives me beer money and pays for medicare.

That's a thing? Need to look into paying for medicare. I was going to cobra my insurance, or buy something on the marketplace, but need to asked about that.

Unless you have other options for insurance, you might want to think about moving your date forward a day or two. Most places will pay your benefits thru the end of the month you quit. I found this out the hard way several years ago - one reason my retirement date is tentatively on the 2nd of the month.

Really? Def will check that out, too.

So sorry for the screwing your employer did to you, OP.

Thanks. But, honestly, I am incredibly blessed. I'm paid well, and there are so many people worse off than me. I'll be fine, they may have done me a favor. I was thinking about how soon I could retire, and this was just a catalyst. I just didn't want to continue working where the bean counters would be nit-picking every minute of my time. It was time to just peace-out.

 

[got3fords]

I am enjoying all these retirement stories and advice. It gives me a lot to think about as I approach the appropriate age. One thing is for sure, a good financial advisor that constantly mointors your portfolio and suggests changes as needed, and doesn't sell crap on comission, is priceless. I can't tell you how much our portfolio grew in the last 10 years or so when we found our FA. They actually handle the company's 401k, but we were with them before that.
We are doing well enough, that I will probably pay cash for my next vehicle, if needed, even if new. I could even retire now if I really wanted, but that would not be ideal. And I don't hate my job, so getting up in the morning doesn't suck

 

[fjwlobo]

Wifey just retired from a gov job, and yes, they make it confusing and they make you wait for your money ? a long time , plus you have to watch your leave (use it up )or they end up with it...

You get paid for any annual leave you have when you quit/retire. You just get hit with a 45 % federal tax on it. ???

The way they calculate remaining sick leave and apply it to your time worked for your retirement isn't day for day. And yes, any sick leave under that number of hours that equates to a month goes poof!!! Even if it's just 1 hour difference.
?????

I plan to use my sick leave my last year so there won't be anything left to lose

At the time I retire I'll have 41 years federal service (10 in NAVY and 31 working as a civilian for the Coast Guard).

What are they going to do, put me on leave restriction

 

[got3fords]

That's a thing? Need to look into paying for medicare. I was going to cobra my insurance, or buy something on the marketplace, but need to asked about that.

I have also heard good things about Medi-Share. Helps if you believe in God.

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