Re: FERs Retirees, anyone?
Originally Posted by
Lakebound
Thank you for posting this information. I do have a follow up question: When I do retire I will be 50 (LEO). Must I decide to start withdrawing my then or can I start say at 52? Or 55?
Thanks,
As a retired LEO you can make Life Expectancy Withdrawals that would be penalty free. The catch is that you would be locked into that withdrawal scheme until you reach 59.5 or after five years, whichever scenario is longer. You need to look up Dan Jamison's FERS Guide for Law Enforcement and Firefighters. Dan is a retired FBI Special Agent who spent many years developing the unofficial guide and used to distribute it for free. Now that he's retired, for 2015 he's set up a website and now charges $10 for the guide. Even with the charge, it's still the best $10 you will spend. He also produces a similar guide for non-LEO's (or retirement guide for regular federal employees). 84 pages of what the FERS is all about. PM me if you have trouble finding it online.
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