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Thread: nasa1974's retirement story

  1. #241

    Join Date
    Apr 2008
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    Default Re: nasa1974's retirement story

    Quote Originally Posted by clester View Post
    CSRS is better in most regards.

    For me, 50% reduction until age 62 when I switch over to social security and then 50% reduction on my higher payments which is more of a pay cut. But at age 67 (full retirement age) I could keep all of it up to $40,000.

    Almost makes it not worth it to work. Very true.

    I understand the reason. They don't want double dippers. But, it causes folks to stay home too.
    Taking this position was something that the wife and I really discussed. We finally decided that some sacrifices will be made but it also offered some opportunities. We are doing OK on my pension and the part time hours I was working at Best Buy and we would try to hold off on her SS (eligible next year) for as long as possible and I planned on not touching my TSP until 70. Right now my SS isn't worth much and I wasn't looking at touching it until I turned 66 at least. But this opportunity will increase my SS, we can throw a little into the wife's IRA, maybe set some aside for the grandchildren and of course some has to go into the vacation fund. There are other benefits the company is offering that helped make the decision a little easier.
    May the force be with us.

  2.  
  3. #242

    Join Date
    Apr 2008
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    Default Re: nasa1974's retirement story

    Just got an email from OPM yesterday that said I will see a 1.7% increase in my pension check in January.
    May the force be with us.

  4.  
  5. #243

    Default Re: nasa1974's retirement story

    Quote Originally Posted by nasa1974 View Post
    Just got an email from OPM yesterday that said I will see a 1.7% increase in my pension check in January.
    Nasa,

    I got the email, too !!! Unfortunately, it's a lie !!! Dang computers...

    As a "normal" FERS retiree, and getting the SS supplement, I won't see a COLA for 2 more years....retired at age 57 ; turn 60 this year ; SS supplement drops at age 62, and COLA kicks in !

    Not complaining, though...how many can say they're enjoying retirement at age 60 ???

    Enjoy your "raise" !!!

    Stoplight...
    "Too old to rock and roll...too young to die"... - I. Anderson


  6.  
  7. #244

    Join Date
    Apr 2008
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    Default Re: nasa1974's retirement story

    Quote Originally Posted by Stoplight View Post
    Nasa,

    I got the email, too !!! Unfortunately, it's a lie !!! Dang computers...

    As a "normal" FERS retiree, and getting the SS supplement, I won't see a COLA for 2 more years....retired at age 57 ; turn 60 this year ; SS supplement drops at age 62, and COLA kicks in !

    Not complaining, though...how many can say they're enjoying retirement at age 60 ???

    Enjoy your "raise" !!!

    Stoplight...
    Sorry Stoplight,

    I guess one of the differences between CSRS and FERS. Enjoy retirement.
    May the force be with us.

  8.  
  9. #245

    Join Date
    Jun 2006
    Location
    Wilmington,NC
    Posts
    821

    Default Re: nasa1974's retirement story

    Quote Originally Posted by Stoplight View Post
    Nasa,

    I got the email, too !!! Unfortunately, it's a lie !!! Dang computers...

    As a "normal" FERS retiree, and getting the SS supplement, I won't see a COLA for 2 more years....retired at age 57 ; turn 60 this year ; SS supplement drops at age 62, and COLA kicks in !

    Not complaining, though...how many can say they're enjoying retirement at age 60 ???

    Enjoy your "raise" !!!

    Stoplight...
    ME I retired at 55 with my pension heehee. Loving it of course.

  10.  
  11. #246

    Default Re: nasa1974's retirement story

    Quote Originally Posted by nasa1974 View Post
    Sorry Stoplight,

    I guess one of the differences between CSRS and FERS. Enjoy retirement.
    Not to rub it in but as an ATC fers retiree I get the raise. Retired at 50 now almost 55
    100 G
    RSI - Relative Strength Indicator DMA - day moving average

  12.  
  13. #247

    Join Date
    Jul 2005
    Location
    Atlanta, GA
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    2,248
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    Default Re: nasa1974's retirement story

    Quote Originally Posted by clester View Post
    Not to rub it in but as an ATC fers retiree I get the raise. Retired at 50 now almost 55
    Don't forget if you retire under the Vision 100 you do not get the COLA until age 62.
    CURRENT ALLOCATION = 100% G
    Fear is the greatest buy signal ever seen in the stock markets - Birchtree

  14.  
  15. #248

    Default Re: nasa1974's retirement story

    Quote Originally Posted by clester View Post
    Not to rub it in but as an ATC fers retiree I get the raise. Retired at 50 now almost 55
    As do us LEO's. Retired at 49, 50 now. :-)

  16.  
  17. #249

    Default Re: nasa1974's retirement story

    Quote Originally Posted by Kaufmanrider View Post
    As do us LEO's. Retired at 49, 50 now. :-)
    $50 a month raise take home pay for me! Woohoo, party time. But seriously every little bit helps. Thank you FERS!
    100 G
    RSI - Relative Strength Indicator DMA - day moving average

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  19. #250

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
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    12,148

    Default Re: nasa1974's retirement story

    WOO! HOO! My 2015 COLA has netted me $76.70 more a month.
    May the force be with us.

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  21. Default Re: nasa1974's retirement story

    Don't spend all that in 1 place my friend! I'm in year 8 of retirement. these cola's have been lean! Whatya gonna do? 2016

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  23. #252

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
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    Default Re: nasa1974's retirement story

    Wanted to pull this thread out of the dungeon. I was CSRS and my real information starts on page 15. Stoplight's thread is still buried but was pretty informative. Zebra had a retirement thread also. The one thing about this thread was all the folks that have stopped posting for one reason or another. Good friends.

    PO this might help you a little bit. I'm not sure how much has changed since 2012. But I guess some of this information should help.

    Good luck everyone.
    May the force be with us.


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