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Posted by Better off on 11/8/2018, 11:13 am, in reply to "Re: Retiring
Better off investing that 18k in a IRA
Whether or not to buy that year really depends on your age at retirement. In my case, I'll be 58 this spring when I retire. If I buy that extra year with my sick days and a monthly payment over 11 years, it increases my annuity by $138/month. I won't see that for 11 years, but I plan to live longer than 69. If I live another 11 years and make it to 80 that's $15k more income over my last 11 years of life.