Welcome Guest! To enable all features please Login or Register.

Notification

Icon
Error

Retirement Planning


Whether you are close to federal employee retirement or just starting out in your career, this is the place to share ideas with your federal colleagues on creating a secure financial foundation.


To read today's top news stories on federal employee related news visit FederalDaily.com.

Options
Go to last post Go to first unread
GordonG  
#1 Posted : Wednesday, April 8, 2020 7:56:55 AM(UTC)

Rank: Senior Member

Groups: Registered
Joined: 1/26/2013(UTC)
Posts: 3,536
United States
Location: Paradise

Thanks: 841 times
Was thanked: 1237 time(s) in 802 post(s)
Have your plans changed because of the turmoil happening?

With the economy in the tank and the uncertainty of how quickly things become stable maybe hanging onto a job versus giving up a job isn't so bad of an idea.

black LIES matter---a TERRORIST organization

black lives MAGA

smithandjones  
#2 Posted : Thursday, April 9, 2020 6:49:51 AM(UTC)

Rank: Groupie

Groups: Registered
Joined: 7/1/2011(UTC)
Posts: 112

Thanks: 2 times
Was thanked: 14 time(s) in 13 post(s)
I didn’t plan to retire yet. But this mess coincides exactly with my becoming eligible to retire. With leave, I passed that date yesterday. Sure scrambles all calculations! Agree hanging on to a job seems the smart thing now.

Edited by user Thursday, April 9, 2020 6:51:22 AM(UTC)  | Reason: Not specified

TheRealOrange  
#3 Posted : Thursday, April 9, 2020 7:16:24 AM(UTC)
TheRealOrange

Rank: Senior Member

Groups: Registered
Joined: 5/22/2011(UTC)
Posts: 824

Thanks: 1 times
Was thanked: 159 time(s) in 138 post(s)
Originally Posted by: smithandjones Go to Quoted Post
I didn’t plan to retire yet. But this mess coincides exactly with my becoming eligible to retire. With leave, I passed that date yesterday. Sure scrambles all calculations! Agree hanging on to a job seems the smart thing now.

Out of curiosity, are you covered under FERS? If so, it is my understanding that you cannot use accumulated sick leave to become eligible to retire. It can only be added/used to calculate your annuity after you have already met the age and service requirements. So, I am unsure what the "with leave" comment means. Again, just curious.
smithandjones  
#4 Posted : Thursday, April 9, 2020 8:36:58 AM(UTC)

Rank: Groupie

Groups: Registered
Joined: 7/1/2011(UTC)
Posts: 112

Thanks: 2 times
Was thanked: 14 time(s) in 13 post(s)
Hadn’t given that aspect of that much thought. Will look into it. Just thought if I was eligible on June 1 and had enough annual leave to take off from now until then I could start the process?

In any event, I’m not going anywhere just yet. I am in a period with lots of options and time has frozen.
TheRealOrange  
#5 Posted : Thursday, April 9, 2020 8:47:26 AM(UTC)
TheRealOrange

Rank: Senior Member

Groups: Registered
Joined: 5/22/2011(UTC)
Posts: 824

Thanks: 1 times
Was thanked: 159 time(s) in 138 post(s)
Originally Posted by: smithandjones Go to Quoted Post
Hadn’t given that aspect of that much thought. Will look into it. Just thought if I was eligible on June 1 and had enough annual leave to take off from now until then I could start the process?

In any event, I’m not going anywhere just yet. I am in a period with lots of options and time has frozen.

Thanks. That's a different issue, and I think a lot of people would do that immediately prior to retirement -- use annual leave like "terminal leave" in the military -- if their agency/management would allow it. Apparently, there is a WWII era ruling by the Comptroller General indicating that “terminal annual or vacation leave may not be granted immediately prior to separation from service in any case where it is known in advance that an employee is to be separated from service.” I know there are ways around that, but I think most agencies still push back, especially in the employee has a lot of accumulated leave. Thanks again for the clarification.
GWPDA  
#6 Posted : Thursday, April 9, 2020 8:55:05 AM(UTC)
GWPDA

Rank: Senior Member

Groups: Registered
Joined: 2/26/2011(UTC)
Posts: 2,506

Thanks: 254 times
Was thanked: 528 time(s) in 439 post(s)
I put in my papers on 2/20/20 and am out the door 18 July. Thank God. Nothing's changed except that I'll be spending the last days teleworking rather than in the ghastly facility where I was working, and I won't be exposed to the fastest increasing exposed population in the community. Amusingly, I got a question yesterday from 'management' wanting me to redesign a program to be presented ... 19 July. Apparently, nobody's keeping score.
thanks 4 users thanked GWPDA for this useful post.
FrankJr on 4/10/2020(UTC), S. Stammerjohan on 4/22/2020(UTC), GordonG on 5/6/2020(UTC), SD Analyst on 5/8/2020(UTC)
Nittany Lioness  
#7 Posted : Friday, May 29, 2020 11:57:46 AM(UTC)
Nittany Lioness

Rank: Newbie

Groups: Registered
Joined: 2/12/2020(UTC)
Posts: 2
United States
Location: OH

Was thanked: 1 time(s) in 1 post(s)
You will love retirement. I've been out for 16 months and thank God for it every day! (I used to be FedCivServ if you remember me). I am grateful that as a manager I didn't have to deal with the Covid situation. Best of luck to you. Are you moving or staying put? We are snowbirds now and loving life!
thanks 1 user thanked Nittany Lioness for this useful post.
SD Analyst on 7/8/2020(UTC)
GWPDA  
#8 Posted : Saturday, May 30, 2020 5:06:58 AM(UTC)
GWPDA

Rank: Senior Member

Groups: Registered
Joined: 2/26/2011(UTC)
Posts: 2,506

Thanks: 254 times
Was thanked: 528 time(s) in 439 post(s)
I hope to get there. Just now, management is attempting to claim that, while on Telework for COVID prevention, I'm actually AWOL. As far as I can tell this is coming from Sr Management who may have been called out for letting my position lapse, with no replacement, but at now 6 weeks to retirement my patience is exhausted. I'll be chatting with the highest cmd folks I can find, just to make my position clear.

But now, I'm in my homeplace, finally, after years of roaming. No more roaming - just me and my Dog and my ongoing battle against the evil oleanders. When I see this announcement in Stars&Stripes - Soldiers from Fort Bragg and Fort Drum have been ordered to be ready to deploy to Minneapolis within four hours if called. Soldiers in Fort Carson, in Colorado, and Fort Riley in Kansas have been told to be ready within 24 hours" I come as close to despair as it's possible to be. After watching Posse Commitatus stretched to its limit by placing regular soldiers on the southern border, with no complaint by Command, the idea that the Regular Army is going to be deployed into Minneapolis - to do what, exactly? appalls me. 6 more weeks.
Endless Summer  
#9 Posted : Saturday, May 30, 2020 7:38:17 AM(UTC)
Endless Summer

Rank: Senior Member

Groups: Registered
Joined: 6/7/2016(UTC)
Posts: 1,214

Thanks: 56 times
Was thanked: 259 time(s) in 221 post(s)
Originally Posted by: GWPDA Go to Quoted Post


After watching Posse Commitatus stretched to its limit by placing regular soldiers on the southern border, with no complaint by Command, the idea that the Regular Army is going to be deployed into Minneapolis - to do what, exactly? appalls me. 6 more weeks.


As I pointed out in your other post on this subject, refer to the Insurrection Act of 1807 as amended in 2007 for an explanation of the President's authority to deploy troops on US soil.
Rss Feed  Atom Feed
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.


This page was generated in 0.520 seconds.