With the latest round of updates, it appears that OPM will be offering Voluntary Early Retirement Authority (VERA) to a number of federal employees. Those who were nearing retirement have found themselves seriously considering this option.
But how do you make such a decision? How do you know if you're financially ready? What questions and variables do you need to be aware of? How are your benefits like FEHB and FERS pension affected, and how can you access your TSP?
In this video, certified financial planner and advisor to federal employees Thiago Glieger, CFP® discusses the various elements federal employees considering the VERA should think about. He also reviews a sample retirement plan using details from a real client so that you can see the financial impact of certain decisions.
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Other videos we think you might like:
WHEN TO AVOID THE ROTH: https://youtu.be/APJQM3qAQsU
WHAT QUESTIONS TO ASK ADVISOR: https://youtu.be/go0OhcCjRNQ
HOW TO INVEST WHEN YOU HAVE FERS PENSION: https://youtu.be/CBDjRYs4nfY
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0:00 How to think about a VERA
1:25 MRA rules overlap
2:25 FEHB and Special Retirement Supplement
3:12 Voluntary Early Retirement Authority
5:40 Real example of a retirement plan with VERA
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