Q. I resigned January 2017 after 30 years federal service (age 51). I am now struggling to make ends meet and am seriously thinking about retirement. Please help me to understand the pros and cons if I take this step.
A. Unfortunately, you aren’t old enough to retire. Assuming that you didn’t receive a refund of your retirement deductions when you left government, the earliest you could apply for a deferred annuity would be age 56 and 4 months.