“Greetings, I think I have an understanding of FERS postponed retirement, but there is one point that I have been unable resolve. I am by all measures eligible to retire now – I am 61 years old with over 42 years of service (I bought back 21 years of military time). My question – If I were to separate NOW (before I am 62), but elect to postpone drawing retirement until AFTER I turn 62, will my annuity calculation use the 1% multiplier or will my annuity calculation use the 1.1% multiplier? In my case (if my math is correct) the difference between the 1% and 1.1% multiplier is about $6K a year. I have an opportunity to take a private sector job, so I will have an income if I postpone receiving my annuity for 6 to 9 months. I just want a better understanding of how this might affect the amount of my annuity in the long term. My wife is also a FERS employee and plans to work for another five years before retiring. Our plan is to transfer FEGLI and insurance to her in the interim. Your time and insight is very much appreciated. ” – Jon.
ROTH TSP Contributions
“I watched the very helpful video on ROTH IRA conversions. I will be retiring by the end of 2022 and I do not have any funds in the Roth TSP,
