Thread: Early (aka Delayed) retirement strategy - not getting rich and getting by is okay

Am 52 YO/19 YOS but my plan is to enjoy life as a gypsy vagabond using my technical skills living more on the road. My TSP is high enough to draw a salary off of at 56 MRA+10 ( maybe $30k). That plus the instant $14k a year pension.

Am truly blind to why people need $100k a year to live on. People are fearful of nursing home life, when if you are that level, you are not really existing. But that's philosophy.


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Make sure you always use the word POSTPONED retirement when you leave government service. You can get that at age 62 and then you get to buy back into FEHB program.

If you do the DELAYED or DEFERRED retirement you dint get that.


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Originally Posted by offroad

Okay I follow some. Would buy Obamacare medical at age 57. Whatever is the cost. I will have MRA with 25 years.


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Obamacare-much more than premium to consider. Need to take into account the deductible as well. Many if not most Ocare insurance providers limit you pretty much to single state, sometimes single county, and limited choice of local providers. Not all that compatible with your proposed footloose fancyfree see the world intentions. And Ocare costs are likely to climb substantially within the next year or 2. good thing you have a few years before you pull the plug to see which way that wind is going to blow between now and then. Health may be good now, wide range of health conditions possible between hale and hearty now vs nursing home age in later years.

Originally Posted by jkenjohnson

None of my business but be careful about jumping ship. I have known several engineers that left my agency for higher paying jobs only to get layed off within a year. Some came back, others were not so lucky.

Agreed, and heeded. One of the job offers = bank. Other Fortune 100 company. Last is a government contract.

Alevin - thanks on Obamacare note. If I needed chronic treatment I would need to be ready to drive back to whatever state I wanted to be in. And live in an RV or with relatives while I deal with cardiac or cancer or other chronic illness.


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Originally Posted by offroad

Make sure you always use the word POSTPONED retirement when you leave government service. You can get that at age 62 and then you get to buy back into FEHB program.

If you do the DELAYED or DEFERRED retirement you dint get that.


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Not entirely true:

http://www.opm.gov/retirement-servic...s/ri92-19a.pdf

It all has to do with MRA.

MRA+10. And you can do the postponed. I think


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I do realize that you can retire and postpone the pension just not sure what the point is.
1. I suppose you could have enough in other income that you don't need it but unless that other income has limits (runs out at 62) why postpone. If it does not run out and is sufficient enough to postpone pension payment, could you not take the pension payment and bank it all over the next 5 years.

2. You plan on getting another job until you're 62, in this case why not keep the job you have and continue to add to the pension %.

I get the whole hit the road sing me a song gypsy vagabond thing just not following the rational. Maybe I need to go back to the threads beginning a read it again. Unless the thread name is changed to "Re: Early (aka Delayed) retirement strategy - not getting rich and getting by is okay until I'm older and I want some additional cushion"

Workfe - good idea. $15k x 5 is $75k but then you would not have federal employee health insurance fehb when you retire. See that people tend to freak out about not having having insurance in first world country. Many third world countries get by without it. Another philosophy thing.

Originally Posted by offroad

Am 52 YO/19 YOS but my plan is to enjoy life as a gypsy vagabond using my technical skills living more on the road. My TSP is high enough to draw a salary off of at 56 MRA+10 ( maybe $30k). That plus the instant $14k a year pension.

Am truly blind to why people need $100k a year to live on. People are fearful of nursing home life, when if you are that level, you are not really existing. But that's philosophy.


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Hit the road and enjoy your life now while you still have a positive attitude, some coin in your purse and your health.

Yes, it's a good idea to save and plan for the future, but if the spirit is calling you to move on and explore the world, then go for it.

Too many people stop themselves from enjoying life from fear of the unknown. Regrets lead to stress, stress leads to dis-ease, but living a happy adventurous life on whatever gets you buy.....that's worth all the money in the world. My philosophy.