Can I retire?

[jgman]

Just an update. I notified my agency this week of my plans to retire. Senior management asked me to work an extra few months to mentor my millennial boss who is 20+ years younger than me. He was just promoted over me for the position. Too funny. Definitely time to move on, although I agreed to stick around for a few extra months.

[RetireeRobert]

Just read your first post and was going to say--YES you can retire. But I see you got to it before I could give you my advice!

At any rate, congratulations, and enjoy your retirement!

[jgman]

Quote:

Originally Posted by RetireeRobert Just read your first post and was going to say--YES you can retire. But I see you got to it before I could give you my advice! At any rate, congratulations, and enjoy your retirement!

Thanks!

[Shinge1233]

Quote:

Originally Posted by jgman Hello everyone, I am currently a Federal Employee looking to retire on December 31 2021. Wanted to get opinions on whether I am financially able or whether to wait a few more years. Age 56 (turn 57 January 2022) Single no kids (no heirs so want to spend it all before I pass TSP $1.1 million Roth 100k taxable savings 100k Debt 470k mortgage (house worth 750k) no other debt Federal Pension 5k/month (includes health and dental insurance premiums) Rental income from home 1k a month I would like to keep the house although I know I should probably sell it. I love the location and rent out part of it for 1K/month. Im in the process of refinancing to a low rate mortgage P&I of $2600/mth Thoughts?

Hi, jgman,
I have a little similar situation with you. But I got married and no rental income. Hope we can enjoy our retiring life....