Joey is right...weird
. Think of your retirement as a million dollar retirement plan that you invested in for 20 plus years. Don't take money from it now and get penalized for it until your 65. Although it is a 1% decrease in COLA, and that doesn't sound to hard to overcome, just remember 2 things.
1. The Government will NEVER do something related to money that is more advantageous to the member than themselves
2. With that COLA loss, your money has less spending power. A gallon of gas or loaf of bread will not cost the same in 5 years and so on.
In the economic times we live in, the government is looking for ways to save and they are being ruthless about it. The golden parachute that military veterans call disability, retirement, and healthcare benefits can't be too far being re-structured, or worse case, on the chopping block. I'm not saying this to scare you, just want you to think about it in a different light.
Instead of taking the money here is an option for you. My wife and I did this program almost 8 years ago and it is by far the best $90 I have ever spent. It was offered by my church, but I have seen it offered at deployed locations for FREE! Go to daveramsey.com and look it over......I promise, you will not regret it!
