Thinking of retiring early as a Washington State Employee? This podcast dives into everything you need to consider before leaving the workforce. Learn about:

1. Penalties for taking your pension early and how they decrease with more years of service.

2. Options for covering medical expenses if you’re no longer insured through the state.

3. The importance of consulting a financial advisor to avoid costly mistakes.

We also answer a key listener question about service credits and how they impact your retirement income. Don’t miss this essential guide for teachers, public employees, and more!

0:00 Introduction

1:03 Pension Rules for Early Retirement

1:24 Alternative Strategies – Using investment accounts instead of pensions

3:12 Social Security – Timing and penalties explained

4:01 Medical Coverage Options – VEBA accounts, part-time work, and more

5:43 Q: Maximizing Service Credits – How more credits boost your pension

7:29 Final Thoughts – Balancing retirement timing and life goals

• Useful links:

1. ⁠⁠Free Washington Retirement Planning Community⁠⁠

2. ⁠Plan 3 Investment Advice⁠

3. ⁠Schedule Meeting⁠

4. More free resources at ⁠WATRSPERS.com⁠