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minigreenhouse

Retire or not

minigreenhouse
17 years ago

DH is elgible to retire at 55 in 2009 with a state institution with a pension of $1,700 a month (25 years of services). However, if he works another 4 years and retire in 2013 his pension could go up to $3,000 a month (30 years of services).

Financially speaking, is he better off retire in 2009 or 2013 with full pension? His job is ok. He also has other hobbies that he could pursue after retirement.

We have been discuss the pros and cons of early retirement lately but could not reach a conclusion. Any input/info would be greatly appreciated on this subject.

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