Should You Consider Early Buyout?

Civil Service Discussion.

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MakeMe$$$$
Posts: 772
Joined: Tue Aug 23, 2011 10:12 pm

Should You Consider Early Buyout?

Post by MakeMe$$$$ »

Don
Rolled over to Fidelity 2/24/18.
Fantasy still playing with Daily Strategy 12767.

ec1
Posts: 2
Joined: Thu Sep 29, 2011 1:15 pm

Re: Should You Consider Early Buyout?

Post by ec1 »

Good points made in the article. My organization was closing and I couldn't get over a move further north for two years before optional retirement at age 55. Knew I would regret being a weekend dad for my son's last year in high school and just couldn't get past that given I’d spent so much of his life deployed or on Temporary Duty. Made a forward-looking decision and took a two-year early retirement in Jul 11 and consider it one of the greatest blessings of my life. Worked hard while I was employed, got along and received regular promotions. Ended with 33 years of service under CSRS, which provides a good annuity even with the 4% under-age reduction. Did due diligence in making TSP contributions and have a nice balance that I don't need now. The early out incentive was $16700 after taxes and was just added sweetness. Bottom line is run the calculators (FedCalc got me to within $1.30 of my final monthly annuity) and make the early out decision based on whether you think you can afford to retire, not necessarily getting the incentive. If it’s a close call and you just don‘t know, retire early and enjoy the fruits of your labor! Make the best decision and look forward!

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MakeMe$$$$
Posts: 772
Joined: Tue Aug 23, 2011 10:12 pm

Re: Should You Consider Early Buyout?

Post by MakeMe$$$$ »

Don
Rolled over to Fidelity 2/24/18.
Fantasy still playing with Daily Strategy 12767.

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Fund Prices2024-03-27

FundPriceDayYTD
G $18.14 0.01% 1.00%
F $19.09 0.26% -0.68%
C $82.11 0.87% 10.42%
S $82.19 1.48% 6.61%
I $42.68 0.56% 6.21%
L2065 $16.38 0.84% 8.36%
L2060 $16.38 0.84% 8.36%
L2055 $16.39 0.84% 8.36%
L2050 $32.73 0.71% 6.94%
L2045 $14.91 0.67% 6.56%
L2040 $54.37 0.63% 6.20%
L2035 $14.34 0.58% 5.77%
L2030 $47.66 0.53% 5.35%
L2025 $13.14 0.31% 3.40%
Linc $25.60 0.24% 2.79%

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