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In my early 20s, I learned about my personal limitations as a peace corps volunteer in Korea In my 50s, I felt the miracle of compound interest. The first $400k was tough. The next million was a lot easier. More recently, I learned how useless a lifetime warranty really is.

I waited an additional year to ensure a margin of safety, especially should my COLA'd pension be constrained in the future (e.g., chained CPI)

I expect to receive it tomorrow. I think OPM makes the payment on time but many banks won't post it until the next business day

My wife took it at 62 because she is less likely to live beyond the break-even age

Sounds like you are in CSRS. Then consider opening a Voluntary Contributions (VC)Acct with OPM, loading it with after tax funds using an awards credit card via pay.gov, then roll any earned interest into the TSP and the contributions to a Roth IRA.

-Long time lurker here and at diehards, federalnewsradio, nitpinc, bobsfinancialwebsite, fatwallet, assetbuilder, financial-planning, irahelp, fairmark, analyzenow, center for retirement research, and planwithvoyant (IMO, the best financial calculator but overkill for me). -my first financial...