In this informative video, the host explores different retirement scenarios with three individuals, Megan, Frank, and Ken, each opting for distinct retirement options. Megan, born in 1970, plans to go for a postponed annuity retirement at her MRA of 57. The consultant explains the eligibility criteria, application process, and benefits, including the preservation of her high three and the option to re-enroll in FEHB and FLTC.
Frank, born in 1975, chooses a deferred retirement option, also retiring at his MRA of 57. The consultant outlines the requirements, highlighting that re-enrollment in FEHB or FLTC is generally not allowed, but Frank has external options. The video provides clarity on Frank’s retirement plan, emphasizing the importance of understanding the setbacks associated with this option.
Lastly, Ken discusses his situation of a non-reduced early out retirement due to a reduction in force at his agency. The consultant explains the conditions for an early out option, including situations like a reduction in force or agency downsizing. The eligibility criteria for a non-reduced annuity in an early retirement are also elucidated.
Pathfinder Retirement is committed to providing resources, educational seminar videos, and insights into financial and retirement planning, particularly tailored for federal employees. The consultancy aims to empower individuals to make informed decisions about their retirement, emphasizing a personalized experience rooted in integrity, compassion, and service. Take your first steps today by taking our Pathfinder Retirement questionnaire.