- Jul 16, 2009
- Reaction score
My pension pays 2% per year of service and I started at 32 years old. I'm shooting for retiring at 62. There are early retirement penalties for anything before age 65, so I'm thinking if my wife hasn't divorced me by then, we'll collect her SS and live off hers and my 401 plans and not collect the pension until 65. She's 3 years older than me, so that works out pretty good. Basically after 65 with pension and both our SS's, I shouldn't need to touch much in my 401 and it can just sit there and make money.I started working at a state college right after I turned 23, and paid into a state pension system for 31 years.
I retired one month before I turned 54.
Today is the one year anniversary of my retirement.
So happy that I don't have to deal with any of that bullshit anymore.
Or maybe crunch the numbers and just eat the penalty on the pension, but it would be a 15% penalty to collect it at 62.