Fed CSRS - Voluntary Retirement Account Question
Would like some feedback -
I am considering retiring from the Fed government, mostly because I now have an idiot for a supervisor.
I had 29 years as of Sept 2009. In October, I found out about the Voluntary Retirement Account - CSRS employees can deposit up to 10% of their lifetime Fed earnings into this VRA and then on retirement, roll it over to a Roth IRA.
My problem is the lack of advance notice. I sold an annuity which gave me 70% of what I need, but will have a hard time coming up with the total before June (my target retirement date if I don't find another job).
Do you think the VRA is a good enough deal that it would be worth it for me to stay longer and save the entire amount needed to max out? What would you do in my shoes? Thanks!