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Finally!
- Thread starter Hallatauer
- Start date
jpcavin
TSP Legend
- Reaction score
- 97
You are making me feel really old. :toung:
RealMoneyIssues
TSP Legend
- Reaction score
- 101
5272 with 15092 days in the Navy
Viva_La_Migra
Market Veteran
- Reaction score
- 56
My calculation was to eligibility. Add another 2555 days for my mandatory retirement date. I'm not counting on Social Security being there when I retire, so I'm not going to bother calculating those days.
weatherweenie
TSP Legend
- Reaction score
- 155
Cool, 'only' 3863 days.
jpcavin
TSP Legend
- Reaction score
- 97
I'm a "just in case" type of person. :toung:
Hallatauer
TSP Strategist
- Reaction score
- 6
Thanks... we have a closing date of Mon April 29th... nice that they gave us 4 days notice.... NOT!!! I've been on the phone all day between my lawyer, my credit union, my local real estate agent, the agent in Texas, moving company... 6 hours of non stop "putting out fires" that other people left smoldering until the last minute. Finally have a bead on a house to rent... just waiting for the paperwork to get emailed for me to fill out. So... closing on Mon, processing out of the FAA on Tue, moving company on Wed. The end is near!!!!
Kaufmanrider
Analyst
- Reaction score
- 17
39 days until I am first eligible
259 days until the day I plan on retiring (or 248) depends?
3048 days until I would have to mandatory
I started, and will retire, young.
PessOptimist
Market Veteran
- Reaction score
- 67
935 work days. Not counting four years of use/lose I'll have to take. But I'm with nnuut, too early to start counting. Let the software do it behind the scenes.
PO
PO
Handballer
Market Veteran
- Reaction score
- 12
Must be nice to be so young. Really!
Handballer
Market Veteran
- Reaction score
- 12
Finally!. Hope your next few weeks will be more pleasant.[h=1][/h]
Kaufmanrider
Analyst
- Reaction score
- 17
You got it. I also have 5.5 years Army time I bought back. I am trying to decide between Dec 31, 2013 (end of calendar year/last day of month) and Jan 11, 2014 (end of leave year and when we get 100% value for S/L). I'll have 31 years and a month or two under the FERS Special Retirement. I will have 2050 hours or so of sick leave end of the year. Staying until Jan 11 will add almost another year and pump an extra 40-50 dollars a month into my retirement after taxes and such are taken out. I might lose out on a a Jan retirement check, but with my Jan 1-11 paycheck I'll get more than half or it back, and within 3 years I'd recoup the rest. So I am leaning toward Jan 11. Besides, with my extra sick days I'd have to burn, so I'd still be gone around X-mas or New Years.
The government is a changing for federal employees and I don't like they way it is going. Time to take my money and run while I can
uscfanhawaii
TSP Pro
- Reaction score
- 18
Congratulations!! Any words of wisdom now that you have been retired for 1 year?! Should have stayed in longer? Should have left sooner? Best to leave as soon as eligible or stay in to maximize pension?
- Reaction score
- 756
You got it. I also have 5.5 years Army time I bought back. I am trying to decide between Dec 31, 2013 (end of calendar year/last day of month) and Jan 11, 2014 (end of leave year and when we get 100% value for S/L). I'll have 31 years and a month or two under the FERS Special Retirement. I will have 2050 hours or so of sick leave end of the year. Staying until Jan 11 will add almost another year and pump an extra 40-50 dollars a month into my retirement after taxes and such are taken out. I might lose out on a a Jan retirement check, but with my Jan 1-11 paycheck I'll get more than half or it back, and within 3 years I'd recoup the rest. So I am leaning toward Jan 11. Besides, with my extra sick days I'd have to burn, so I'd still be gone around X-mas or New Years.
The government is a changing for federal employees and I don't like they way it is going. Time to take my money and run while I can
Kaufmanrider,
Make sure that you are calculating your sick time correctly and how many days you have to burn up. My sick leave hours worked out about 6 for every 8 I used for my retirement. I had to be careful on how many sick days I used so I didn't give too much back but I didn't want to take one hour too much and loose a month or two towards retirement. Even though you are using sick days up because of retirement be careful, if you use to many in a row, your agency may require a doctors excuse. Congratulations and good luck.
- Reaction score
- 756
Congratulations!! Any words of wisdom now that you have been retired for 1 year?! Should have stayed in longer? No, I was ready to go. Between the Air Force (4 years) and NASA (38 years) I hit my retirement max (42 years). The only way I could add to my annuity check every month was my saved up sick time. Should have left sooner? The only way I would have left sooner would have been a buy out. Best to leave as soon as eligible or stay in to maximize pension? Before you retire you really need to work the numbers so you know if you can afford to retire. When to retire really is personal. I know some guys that retired as soon as they became eligible and came back as contractors. I know some guys that have almost 50 years government service, or more, and don't want to retire.
To answer your first question. Stay busy. Do something to get you out of the house; part time job, volunteering, golf or a hobby of some sort. The wife and I have been on two cruises since retirement and we have two more planned for October. I am enjoying retirement. My wife and I are young enough and healthy enough to enjoy this time of our lives. You just have to make the best of it and enjoy it.
