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Deep Breath! Hi I am 62 today and...
Old 08-30-2016, 10:32 AM   #1
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Deep Breath! Hi I am 62 today and...

Retiring at 1700 MDT tomorrow!
What an emotional roller coaster. I will be trying to glean weather or not
to start Social Security....or tap my TSP to sustain life.... or Both. My FERS will
cover the cost to breath. And I just realized I dislike acronyms!

(Thanks forum for the birthday wish email!)


More info: My employer was not replacing attrition losses in staff and the work had not
gone away. I am debt free, own my house and 5 acres, new vehicle and, new old RV trailer
refurbished some.....have to admit I am not FIRE, but on the government teat hoping it
does not go dry. Yesterday I received an erroneous placard saying thanks for 29 years
of service, and my HR retirement statement clearly says 30+ years....Well, thanks
for the placard and sustenance for 30 years. Time to visit new horizons.
AND my living parents who are in their 80's.
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Old 08-30-2016, 11:46 AM   #2
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Congrats!
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Old 08-30-2016, 12:19 PM   #3
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Quote:
Originally Posted by 1vertical View Post
Retiring at 1700 MDT tomorrow!
What an emotional roller coaster. I will be trying to glean weather or not
to start Social Security....or tap my TSP to sustain life.... or Both. My FERS will
cover the cost to breath. And I just realized I dislike acronyms!

(Thanks forum for the birthday wish email!)


More info: My employer was not replacing attrition losses in staff and the work had not
gone away. I am debt free, own my house and 5 acres, new vehicle and, new old RV trailer
refurbished some.....have to admit I am not FIRE, but on the government teat hoping it
does not go dry. Yesterday I received an erroneous placard saying thanks for 29 years
of service, and my HR retirement statement clearly says 30+ years....Well, thanks
for the placard and sustenance for 30 years. Time to visit new horizons.
AND my living parents who are in their 80's.
Congrats. Your post reminds me that the only thing I'm really sorry about regarding my retirement is that neither of my parents lived long enough to see it. Once I grew up and became a w*rking stiff, my time with my folks was always squeezed into little slots of time that I could be away from work. Now I have the time, but they are gone.
Enjoy your time with your parents. I hope they are well.
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Old 08-30-2016, 02:25 PM   #4
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Congratulations and hope your last day goes well!
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Old 08-30-2016, 02:29 PM   #5
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Congratulations,

Since you mention parents age, perhaps you have longevity genes, which would mean it would be best to delay SS as long as you can so it maximizes.
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Old 08-30-2016, 03:46 PM   #6
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As you may know, you make 8% more SS per year for every year you delay between 62 and 70. I plan to hold out as long as I can, probably to 70.
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Old 08-30-2016, 08:54 PM   #7
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So I have asked a hundred people, 50 said start Social Security, 50 said wait to start.
I asked my Mother and she informed me that they went on social security
early (not sure what that was for someone born in the 1920's) Mostly what struck me was that she said we have lived WAY past the break even point and have more than recovered any decreased payments.....kind of makes sense.

Thank you for your congrats I do appreciate that.
I will need a sleeping aid tonight!
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Old 08-30-2016, 09:14 PM   #8
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Dear 1 Vertical,
Rejoice that your parents are still with you. I lost my dad in 2003 and my mom last year.
I believe the break point on SS is now about age 79 for the difference between age 62 and FRA.
My late wife took it at 62, and passed away at 67.
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Old 08-30-2016, 09:37 PM   #9
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Congrats and Happy Birthday! That extra 3% FERS is a nice 62nd birthday present and is more solid than any 401K. I have a year to go and will also retire at 62 with 32 1/2 years service.
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Old 08-30-2016, 09:44 PM   #10
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Did you really ask 100 people, if so I'm betting at least 75 of them don't know the nuts and bolts of the SS system.

Relax and do some real homework on SS and I bet you can come up with a plan for yourself.
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Old 08-31-2016, 07:32 AM   #11
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Last 8 hours coming up. Slept fairly well and am actually emotionally ready to retire. I pray that I can find financial soundness in my arena and make good decisions.
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Old 08-31-2016, 09:58 AM   #12
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Happy Birthday, I am waiting till 65 (Not 66) to take mine, once I am on Medicare and do not have to qualify for ACA. I doubt I will live much past 75 and do not care anyway.
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Old 09-01-2016, 05:24 AM   #13
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i retired at 62 also, 1.5 years ago. I've not touched my TSP and have no plans to . i took the earliest possible SSI ...and FERS....and a little check from the canoe club. Life is good. my combined mil/civ time 35.5 years. GO NAVY!
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Old 09-01-2016, 06:50 AM   #14
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Yawn. Good morning. Slept in... it is 0675. What to do today....hmmmmm
LOL
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Old 09-01-2016, 07:58 AM   #15
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Quote:
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Yesterday I received an erroneous placard saying thanks for 29 years of service, and my HR retirement statement clearly says 30+ years....Well, thanks for the placard and sustenance for 30 years. Time to visit new horizons. AND my living parents who are in their 80's.
This just shows how disposable we're.
Congrats and enjoy your earned time off!!
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Old 09-01-2016, 09:29 AM   #16
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Yawn. Good morning. Slept in... it is 0675. What to do today....hmmmmm
LOL
"0675"??

7:15 a.m.??
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Old 09-01-2016, 09:37 AM   #17
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"0675"??

7:15 a.m.??
That's Egyptian time.
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Old 09-01-2016, 09:41 AM   #18
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June, 1975.

Since retiring, he's been getting into travel. Time travel.

Quote:
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"0675"??

7:15 a.m.??
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Old 09-01-2016, 09:45 AM   #19
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haha, congrats...enjoy your well-deserved retirement and especially time with your parents..
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Old 09-01-2016, 09:45 AM   #20
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1vertical...Congratulations on your retirement!
Cheers.
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