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Retirement Payments: What to Expect

Upon retirement, you’ll get 70-80% of your pay for the initial 5-8 months. The remaining will be settled afterwards.

• E.g., CSRS estimate: $2,800/month → interim: ~$2,200.
• FERS estimate: $1,500/month → interim: ~$1,200.

This delay allows the government to verify service records and compute benefits. The FERS Supplement is paid post-interim.

Tip: Save for this interim. Can your savings cover it?

Blue Retirement Book from Post Office

Order the “Big Blue Book” from the Post Office. It arrives in 2 weeks. After a phone guide, return necessary pages within 60 days.

Tip: Upon receiving, book a free appointment with Gary Graham of EZFED Team. Contact Debra Power at 972-263-0043.

Fill out the book carefully. Errors delay retirement. Include divorce papers if relevant, marriage license, and military service records if any.

Upon retirement, you’ll get an annuity estimate. Review it thoroughly.

Changes After Submitting Retirement Paperwork?

You’re entitled to a 45-50 minute phone interview for booklet review. For questions, you can leave a message.

Gary Graham’s Advice

Save 6-8 months of income for the interim. Be aware of inflation and post-retirement spending.

Pre-retirement, consider:

• Outstanding debts?
• Vehicle needs?
• Monthly bill estimates?

While working, focus on saving. Post-retirement, your fixed income might not allow further savings. Convert savings into monthly income in retirement. Re-evaluate spending and invest wisely.

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