Re: Retire or work
I have a longer time horizon but face complicated financial decisions as well. I'm 37 and want to retire at 52 in 15 years.
I work for the fed. gov't. If I retire at 52, I'll have 30 years in, and can get my full pension (1% x 30 x high 3) at 57 (deferred), BUT I am then not eligible for federal health benefits, because it's a deferred retirement. Can't get health bennies unless I stay until 57. I don't want to do that, but it's NOT an easy thing for me to deal with - having to get my own insurance. It's a huge cost I could avoid by staying longer. Plus, by having a deferred retirement, I have 5 years without any pension at all.
If I retire younger, I get a smaller pension based on the years of service, and can't collect until 60, so that's a consideration too, if I don't feel like staying around another 15 years.
Good luck either way! Sorry I rambled, sometimes a post just makes me think about things a lot.
Two roads diverged in a wood, and I - I took the one less travelled by...