Re: [TSPStrategy] When to Leave to Get Paid the Most for Your Leave

If you take the lump sum...isn't the taxes going to be higher?

Sounds like it's better to take the AL.

You still get paid your regular salary when you take AL; you earn your 8 hours of AL ; and you get your tsp contribution and match.

On Sat, Feb 25, 2023 at 11:40 AM, MD2018 via groups.io

<rlkane.wc=verizon.net@groups.io> wrote:

Well if you don't take annual leave your last year you could get paid for 448 hours of leave in cash. For some people depending on your pay rate that could be close to $30,000. And considering you might have earned the 240 carryover at a much lower rate. 

On Feb 25, 2023, at 10:21 AM, Dave in Dallas <datruedave+GroupsIO@gmail.com> wrote:

Selling your annual leave back obviously gives you a chunk of change that helps tide you over until your retirement checks start rolling in regularly, but is there some other benefit that I'm not thinking of?

Seems to me that if you don't need that money (because you have other savings to tap into) to help with the transition to retirement, that actually using your leave prior to retiring is worth more if you just consider the numbers.  Not only do you get paid your full salary for those days of leave, but they would also count as additional days of service that is computed towards your retirement even though you're already enjoying a sort of pre-retirement. 

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