Thinking about retiring early on Plan 3? While having control over your pension payouts is great, there are hidden risks and key decisions that could make or break your retirement plan. In this episode, we cover:

✅ Plan 3 early retirement penalties – What to expect if you retire before 62

✅ Should you delay collecting your pension? Pros & cons of waiting until 65

✅ Social Security timing – Why taking it early can be a costly mistake

✅ How to use your Plan 3 investments wisely – The best withdrawal strategies

✅ PEBB healthcare options – How to stay covered before Medicare kicks in

✅ Veba & sick leave – Smart ways to use these benefits tax-free

🔹 Whether you're considering early retirement or just want to maximize your Plan 3 benefits, having a strategy is key. Don't leave your financial future to chance!

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00:00 – Intro: Plan 3 Early Retirement Explained

00:26 – Key Rules for Retiring Early on Plan 3

01:24 – How Early Retirement Penalties Work

02:36 – Should You Take Social Security Early?

02:51 – How to Use Plan 3 Investments to Cover Early Retirement

03:26 – Healthcare Before Medicare: PEBB Coverage Options

04:12 – Using Veba & Sick Leave to Your Advantage

05:35 – Listener Question: Should You Delay Taking Your Pension to 65?

06:38 – Why Delaying Might NOT Be the Best Move

08:08 – Break-even Analysis: 62 vs. 65 Pension Collection

09:28 – The Hidden Risk of Delaying Pension Payments

10:38 – Final Thoughts: How to Retire Early with Confidence