Hi all!
I found this web site while looking for information about buying service credit in my defined benefit pension vs keeping the money in my deferred comp plan and rolling the dice on a higher return, so to speak. I'm lucky that I started working for the .gov when I was 27 so even if I work all the way through to 30 years I can still retire at 57. If I buy the 5 years of credit at $7k per year I can retire at 52 and still get a full pension.
I've gotten on the early retirement kick after seeing my mom go through the disability process. She was a teacher since before I was born and now due to a bunch of diabetic complications, joint problems, heart problems etc she's retired. Over the past year she's had a lot of dr visits so I've had a chance to see what happens when people plan to "retire" on social security and rely on medicare for health care. I don't ever want to be in the position these people are in and I feel terrible. Some put themselves in that position because they were spendthrifts, some fell on hard times due to medical problems, early disability, no family support, etc.
I want to be free to live life on my own schedule. If I want to stay home on a Tuesday just because, I want to be able to do it. I don't want to answer to someone else's arbitrary deadlines and I want the freedom to travel, see the world and just live life. I want to be able to watch my kids (if I ever have any) grow up, not be the dad who can't ever make it to the big moments in their lives.
I'm in a pretty decent position right now as far as investments and retirement plans go. I hope to learn a few more things on this forum to help me manage my retirement goals more efficiently.
I found this web site while looking for information about buying service credit in my defined benefit pension vs keeping the money in my deferred comp plan and rolling the dice on a higher return, so to speak. I'm lucky that I started working for the .gov when I was 27 so even if I work all the way through to 30 years I can still retire at 57. If I buy the 5 years of credit at $7k per year I can retire at 52 and still get a full pension.
I've gotten on the early retirement kick after seeing my mom go through the disability process. She was a teacher since before I was born and now due to a bunch of diabetic complications, joint problems, heart problems etc she's retired. Over the past year she's had a lot of dr visits so I've had a chance to see what happens when people plan to "retire" on social security and rely on medicare for health care. I don't ever want to be in the position these people are in and I feel terrible. Some put themselves in that position because they were spendthrifts, some fell on hard times due to medical problems, early disability, no family support, etc.
I want to be free to live life on my own schedule. If I want to stay home on a Tuesday just because, I want to be able to do it. I don't want to answer to someone else's arbitrary deadlines and I want the freedom to travel, see the world and just live life. I want to be able to watch my kids (if I ever have any) grow up, not be the dad who can't ever make it to the big moments in their lives.
I'm in a pretty decent position right now as far as investments and retirement plans go. I hope to learn a few more things on this forum to help me manage my retirement goals more efficiently.