Is It Best to Retire on the Last Day of the Month?

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By on November 24, 2014 in Q&A, Retirement with 8 Comments

Q: I have a postmaster friend who says it is best to retire on the last day of the month because you will get paid for the month worked plus you will get an annunity check for that same month. Is this true?

A: Unfortunately there is no truth to what you were told. Sure would be nice.

Agencies can request to have John Grobe, or another of Federal Career Experts' qualified instructors, deliver a retirement or transition seminar to their employees. FCE instructors are not financial advisers and will not sell or recommend financial products to class participants. Agency Benefits Officers can contact John Grobe at [email protected] to discuss schedules and costs.

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About the Author

John Grobe is President of Federal Career Experts, a consulting firm that specializes in federal retirement and career transition issues. He is also affiliated with TSP Safety Net. John retired from federal service after 25 years of progressively more responsible human resources positions. He is the author of Understanding the Federal Retirement Systems and Career Transition: A Guide for Federal Employees, both published by the Federal Management Institute. Federal Career Experts provides pre-retirement seminars for a wide variety of federal agencies.