Your Benefits

[Skivvy9]

And VOTE!

[GlobalHawk]

The part of the proposal to "Eliminate the FERS supplement" bugs me the most. After 32+ years I'm really hoping to move on to the next chapters soon after my MRA in Oct 2018. This would add an unwanted wrinkle to the planning.

+1

[MuffBurger]

Wow I hope that junk don't get passed.

[CODE4]

Long way to go.

[BR549]

Agree.

[BlueLives]

Hope none of this actually passes.

Amen to that.

[robodummy]

we have to all chip-in if we want to #MAGA

[kdfwr310]

Diversify your investments

[Midway]

Contact your elected representatives and let them know how you feel about this!

[1962GUTK]

Question concerning the Social Security Supplement

I am wondering if I can retire say in November of this year (at age 59) and still collect the Social Security Supplement at 60 (in May of next year)? Appreciate your response.

[tacatlin]

Question concerning the Social Security Supplement

I am wondering if I can retire say in November of this year (at age 59) and still collect the Social Security Supplement at 60 (in May of next year)? Appreciate your response.

Depends on how many years you have. If you have 30 or more you can retire at 59 and still get the supplement, but you still need to wait until 60 to get it.

If you have less than 30 but at least 20 years, you have to wait until 60 to get full retirement with the FERS supplement. (I think, lol)

[1962GUTK]

tacatin, Thanks for the response. So I my plan to retire this year with 20 at 59 years old and collect the supplement at 60 next year will work. Big relief

[bloobs]

tacatin, Thanks for the response. So I my plan to retire this year with 20 at 59 years old and collect the supplement at 60 next year will work. Big relief

Judt keep in mind that your supplement with only 20 years service will be significantly less than for someone with 30 or more years.

[tacatlin]

tacatin, Thanks for the response. So I my plan to retire this year with 20 at 59 years old and collect the supplement at 60 next year will work. Big relief

Negative. Don’t retire before 60 years if you don’t have 30. In your situation it’s way better to wait the short amount of time to reach 60.

If you retire before 60 with 20 years you won’t get the supplement. And I don’t think you’ll get health coverage too. You’re so close. In your situation it makes no sense to retire before 60. You’ll lose too much considering you have a year or less to make 60. Don’t do it.

[Fallingh2o]

IMO, one of the best resources out there to understanding your FERS benefits and retirement is the FERSGUIDE.COM. The creator is Dan Jamieson and I cannot say enough good things about him. His yearly subscription cost is $20 a year, but well worth it considering Dan puts out so much valuable information. I certainly have gained a great deal of knowledge from his information.

I would also like to mention that I DO NOT gain anything for mentioning this resource, but I want others to know about it because it is very useful. Knowledge is power!!!