The BIGGEST Reasons Feds Retire at 62

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[@Noneofyourdambusssiness]

I'm out at 62 in 2035- I retired from Army in 2010 at 37. Will have 20 yr Fed svc at 62. So 2 pensions, ROTH IRA, TSP, left alone. I will take SS at 62 as well. Between wife and I we're looking at $95k/yr to retire on. We have no debt, house paid, no loans, etc. Key is debt.

[@andrewwhite1968]

I had a dear friend in a co-worker who dropped dead of a heart attack at age 63. Get out as soon as you can.

[@GracieValenti1]

I tried holding out for longer but when they recalled us back to the office after successfully working from home during the pandemic, I just couldn't mentally and physically handle the 3 hour round trip commute 5 days a week and called it. Had the years, the age and was just frickin tired.

[@user-mc5cv8ym6s]

I am going at 56 and 10 months. Will be 55 next month. Will have 36 years at time of retirement. Will collect the supplemental which should be about 75% of what I will get at 62. I am willing to leave money on the table because tomorrow is not promised. Key is eliminating debt before retirement which I have done.

[@Lillylim1]

I am 57 with 35 years but due to health issues but I can’t afford to retire so I will wait till 62 every thing will work well for me financially.

[@eandrgoodwin]

You didn’t point out that if you retire FERS before age 62, you don’t get a COLA until you’re 62.

[@lorimcmahon407]

If you retire before 62 you will not get cola either.

[@christalisaias7236]

As a Postal Worker is the pension expected to be 100% after doing math according to years of service? Is it ever less because of retiring before 62?

[@apache318]

No Diet COLA until 62 if you retire at MRA, Best to retire at 62

[@Winchester1906]

i had a co worker retie seven months shy of 62 and i couldn't believe she didn't stick it out but she was just DONE... i'm 56 and hoping i can go to 65 because i dont want to collect social security until 70 because my wife is six years younger and i want to make sure she's okay.

[@Royale_with_Cheeese]

I left the Post Office after 34 years just after turning 62, because I could.

[@zenawarrior7442]

I never knew of the 10% bonus, is that new? We have the FERS supplement if we go before 62; at least we get that. Thanks again! 😊💫📃🎃

[@s.c.6367]

You always have great information,

[@nachowny]

i have 300k in the c fund is it a good move to alocate everything today to the g fund ,,, i still have 5yrs to retired

[@dannyg3683]

Hello, I am first-time on your channel, and i want to thank you for the information you are giving to people in the federal job. I have a question, I am paying to FERs, in my pay stub code is KF. What is that, and how is that going to help me if I will retire at age 63 not 57? And can I stop playing to FERS?

[@barano9729]

Have a special provisions coworker who failed miserably at retirement savings. Agency granted her an extension beyond age 57.

[@user-kt6sl8df3p]

Retired from military service with 20 years and did the buy back with 19 years and 3 months at 62 wanting now. Am I eligible for the 10% or 1.1% ?

[@tylerh3163]

If you retire at 57 and collect the supplemental annuity for 5 years does that bring down your social security when you start to withdraw at 62?

[@jameshazeldine6022]

If i left Federal service in my 40s with 9 yrs of service. Am i eligible for a pension when i turn 62?