Browsing: retired

It’s not too late to retire in 2009, and it’s not too soon to at least begin planning to retire in 2010 or 2011. For this year and the next two years, the calendar is working in favor of many of you. Let me explain. As my regular readers know, my position is that there is no one best date to retire. However, each of you can pick the best one for you if you know how. First, you must figure out if you are ready to retire. To do that, you have to answer three questions: Do you meet…

Q: I am retired from the Army and receive retired pay and disability pay. I am also a civilian employee under the Federal Employees Retirement System. When I am eligible to retire, will I be paid my military retired pay, disability pay, retirement pay as a civilian employee and also receive my Social Security? Would it be advantageous to sell back my military time to incorporate it into my civilian time under FERS? If I do sell back my military time, do I forfeit continuance of my military retired pay? A: If you retire without making a deposit to the…

Q. I would like a clarification. Would I receive separate payments for my Federal Employees Retirement System retirement, military retired pay, military disability and Social Security? Or will some or all potentially be offset? This is with the scenario that I do not sell back my military time and waive retired pay. Reading the below, I believe the answer is yes, but I just want to make sure for my long-range planning. Selling back military time Question: I am retired from the Army and receive both retired pay and disability pay. I am also a civilian employee under the Federal…