Buyout advice


Q. I am 59 years old, and will be 60 in July. I will have 42 years of government service in October, at which time I plan to retire.

I am weighing my options. If my agency offers a buyout, should I leave in the spring or stay for my 80 percent?  I am not sure how much I’ll be losing, but I am so close now. I’m just not sure what to do. I certainly could use the $25,000 (minus approximately $8,000 in taxes). Please give me your ideas.

A. You are asking for specific analysis and advice, which I can’t provide without an advisory engagement.


About Author

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to and view his blog at

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