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My wife and I are 99% sure we're retiring on 12/28/07.
The leave policies where we are both employed allow us options that amount to either of these choices:
a. Apply all our excess sick and annual leave to time in service which increases our combined pensions by about $3000 annually.
b. Convert the maximum allowed leave to money which puts about $50,000 into deferred compensation (this makes it non-taxable until withdrawal down the road).
I'm thinking this is a no-brainer to go for the money. We're both currently healthy and and in mid/late fifties.
Any contrary opinions?
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Can eat with either hand.
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