Anyone with a government pension, would you retire at the earliest age eligibility, even with maximum reduction?
Just as the question asked. I would be eligible to retire from government earliest eligibility at 57.
Pension will be at the maximum reduction which would be $50k with bridge benefit to age 65 then reduce to $39k.
RRSP and TFSA will be at about $375k to $400k at age 57. I’ll have no mortgage or debts. This is just me. Partner has similar financials.
I plan to consult with my own practice part time, maybe annual revenue of about $40k.
Financially we should be able to afford to retire with these early retirement age penalties. We plan to live here 6 months and snowbird in Asia 6 months.
Curious if others with pension exit early when eligible or if they intend to keep working.
u/CPTOG25 — 7 hours ago