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Showing posts from May, 2024

Deferred Annuity

 Calculate at what age you qualify for a deferred annuity and if the quantity you can look forward to is sufficient.  For example, at 10 years of service, what, if anything, would you get and how old would you be once you got to retire vs. when you would start drawing on the annuity?  What about 20 years of service? For example if at 10 years you get enough such that combined with other streams of income you have enough to survive annually in retirement, then that takes care of the later years.  The next question is, how old are you if you quit after 10 years?  What's the age gap between this early quitting age and when you start drawing on the annuity, as you can't draw on it until you meet the minimum age requirement?  How long is the gap period?  How will you survive during this gap period?   For example, if the gap is 20 years, do you have enough income stream to survive 20 years of not working until you draw your pension and/or TSP incom...