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Retirement Estimate Request Worksheet DoDEA Dodea Form

Retirement Estimate Request Worksheet DoDEA Dodea Form

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have you ever wondered the costs or the downsides of potentially retiring early are well then this video is for you hi i'm mikey shalansky and this is the fers federal fact check today we have a question from david about cola and retiring early it says my understanding is that if i make an immediate retirement at mra before 62 then i will get one a first supplement to my first annuity and two i will not get cola until i'm 62. assuming that this is correct does this mean that i would permanently lose colas for example if i retire at 57 assuming the coals are 2 for every year for five years until i'm 62 years young the firs annuity would be down 10 for the rest of my life is this a major negative to retiring before 62 that doesn't seem to be a well-known or understood thanks david david's a great question now there's absolute pros and cons to retirement right the pro of retiring early you get to retire early the con is it's going to have some negatives so let's go through how that works

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