Ask The Experts: Retirement

By Reg Jones

Best retirement date

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Q. I am in the FERS system and plan to retire Jan. 9, unless Dec. 28 would be a better date? I will have a large lump-sum leave payment and want to maximize any possible salary increases (i.e. 1 percent) that might be applied to the lump sum in 2015 without losing my maximum carry-over hours. I am willing to start my annuity the following month.

A. You’ve touched all the bases in your analysis. Since you are willing to forgo an annuity in the month you retire, you’ve already answered your question: Jan. 9 is the date that best fits your goals.

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