Want2Bfree
Confused about dryer sheets
I have reason to believe that I could be fired sometime in the next six months as my recent errors (and those I am responsible for catching) are being very closely monitored. I am a state employee in Georgia, and I have 26 years of service, which is more than enough to make me eligible for early retirement. I am 57, three years from being able to collect a full pension.
I had planned to stay until age 60, but with these recent developments, I'm wondering if I should cut my losses and opt for early retirement before they fire me. This way, I could keep my health benefits. I might have a way to avoid drawing down on my pension until I reach age 60, thereby avoiding the 7% per year penalty for early retirement.
Are there other things (besides meeting with my financial advisor, I mean) that I should consider before taking any action? What happens if my employer moves to fire me before the retirement process can be completed?
I had planned to stay until age 60, but with these recent developments, I'm wondering if I should cut my losses and opt for early retirement before they fire me. This way, I could keep my health benefits. I might have a way to avoid drawing down on my pension until I reach age 60, thereby avoiding the 7% per year penalty for early retirement.
Are there other things (besides meeting with my financial advisor, I mean) that I should consider before taking any action? What happens if my employer moves to fire me before the retirement process can be completed?