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Thread: What is the appeal?

  1. #1

    Default What is the appeal?

    I ran into a couple of old friends today. One was a FERS and retired just last November, as soon as he got his 30 year at MRA. Now he is a contractor working on base. The other is a CSR, today is his last day. He will work as a contractor working on base in a couple of weeks. It's obvious the CSR guy gets 70+% pay raise just by retiring and get another same-paying job. But for FERS, what's in it?
    Got Beach???


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  3. #2

    Default Re: What is the appeal?

    A significantly higher paying contracting job. I knew someone who did that @ 60 years old. I tried to talk him into sticking around another 2 years and he'd get a 10% bonus (1.1% per year instead of 1%). It wasn't worth it to him being a GS 13 so he got out to make the big bucks as a contractor. I wouldn't have done it but we are all different and have different priorities.
    Allocations as of COB Oct 31 : 100% S. | Retirement Date:Dec 2022
    Past Returns:
    2017 13.10%, 2016 -1.79%, 2015 8.71%, 2014 -7.39%, 2013 17.29%,5Yr Avg 5.58%

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  5. #3

    Default Re: What is the appeal?

    Things never said on a deathbed - "I wish I had spent more time working."

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