This video serves as an all-encompassing guide for federal employees seeking clarity on their Minimum Retirement Age (MRA) and the prerequisites for voluntary early reduced retirement. The discussion delves into the pivotal role of MRA in retirement planning, detailing the specific age requirements for voluntary early reduced retirement based on birth year and years of service. Examples, such as retiring at 56 and 2 months with 10 years of creditable service, are provided to elucidate these concepts. The video also emphasizes strategies for immediate retirement with a non-reduced annuity, stressing the need for careful consideration to optimize pension benefits.
The voiceover introduces a consultation scenario where an individual seeks guidance on retirement age and MRA. The consultant navigates through the two key requirements for a voluntary early reduced retirement, ensuring the individual possesses at least 10 years of creditable civilian service and plans to remain a federal employee until the last day of service. By consulting the MRA chart and considering the individual’s birth year (1965), the consultant determines that retirement at the age of 56 and 2 months is feasible with 10 years of creditable service.
The video provides valuable tips, suggesting requirements for an immediate retirement with a non-reduced annuity, such as reaching MRA with 30 years of service, attaining age 60 with 20 years of service, or achieving age 62 with 5 years of service. The individual reflects on these options, expressing a preference for retiring at age 60 with 20 years of service to optimize pension benefits.
The voiceover closes with gratitude for the individual’s service and an invitation for viewers to access more personalized retirement plan information through a linked questionnaire.
Specializing in retirement planning for federal employees, Pathfinder Retirement leverages its team’s deep knowledge of federal retirement benefits to create personalized retirement roadmaps. The consultancy extends its services to the broader public, offering assistance in retirement income planning, investment advisory services, strategies for maximizing Social Security benefits, and support in estate planning. The success stories underscore the efficacy of their services, and a retirement assessment quiz is provided for individuals to tailor their retirement goals.