infoseeker
Recycles dryer sheets
- Joined
- Feb 10, 2011
- Messages
- 61
Hello all. Seems like a good deal for my husband. He's a federal worker, 54 years old with 28 years of service. Unlike myself, he's been living for the day he can quit work. Lo and behold, a RIF is happening! Voluntary early retirement is being offered with no MRA. It includes immediate full annuity (and annuity supplement until soc sec begins at 62). There are also rumors of lump sum buy outs in addition to this. In 1 year I will collect a military pension, drop the health care insurance from my job, and go from fulltime to casual hours (I love my career). We will then sign up for tricare. We have no debt, own our home. Retirement savings of approx 600K between us, 110K liquid savings. We live frugal but rich lives. Monthly expenses should almost be covered by the pensions alone. If we want/need more $$ should we dip into the retirement funds or start soc sec at 62? Am I missing anything important here? Any opinions, suggestions appreciated. P.S. I dont really understand how to use firecalc. Thanks for the great forum.