Re: Pension
Originally Posted by
nasa1974
If you are CSRS you get penalized on your SS because of your pension. FERS no penalty.
In my opinion if you are still working it is best to wait until you reach FRA then collect SS. If you wait until 70 it could take 7-10 years to make up the difference if you started collecting at FRA. Then again if you live to be 100 you loose money.
I did the math on SS. The tables show that if you make it to 80, it doesn't matter if you take it when you are first eligible or wait until FRA. You'll draw the same total amount. I'm taking at 62. That way my wife can draw off my SA account.
Current allocation: 90-L2030 10-L2050. Trust in God and keep your powder dry. Oliver Cromwell
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