FERS: Why One More Year Can Boost Your Pension for Life

Schedule your Federal Retirement Blueprint Call here: https://gtwealthguide.com/federal-blueprint

Retiring a little too early under FERS can mean missing out on a better pension formula.

Here’s how it usually works:
• Standard FERS formula: 1% of your high‑3 salary × years of service
• But if you retire at 62 or older with at least 20 years, that can increase to 1.1%

That 0.1% may sound small, but over a long retirement, it can add up to a meaningful difference in lifetime income.

So if you’re:
• 61 and close to 62, or
• Right near 20 years of service

…this is a point where you really want to slow down and look carefully at the math. Sometimes, one more year is not just one more year, it can significantly improve the rest of your retirement.

If you’re a federal employee near these milestones, make sure you understand this tradeoff before you submit your retirement paperwork.

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Видео FERS: Why One More Year Can Boost Your Pension for Life канала Tom Poltersdorf Jr, CFP®