At some point in their career, every public servant has to answer the difficult question, "how to retire from the federal government." Like retiring from any profession, there are certain protocols that must be followed to ensure a a successful retirement. Let's take a look at how to properly retire from the federal government.
- Preparation. It is crucial that a person prepares to retire. Finances are the main thing to pay attention to. Get your 401K, Roth, mutual funds, stocks, savings, and other money market accounts properly funded. Pay off high interest credit cards, car loans, and other random bills. If applicable, find out about student loan forgiveness criteria for federal government employees. Also, look into any buyout(s) that your agency might have going on. Finally, settle upon a tentative retirement date and stick with it.
- Follow Procedure. It is imperative that the proper protocols are taken to ensure a smooth retirement from the federal government. Inform the administration of your decision months in advance so that a proper placement can be found before your departure. Fill out any forms and have them checked to comply with your paperwork.
- Finish your job. Finish all of your started tasks in the best way possible. This ranges from following up on work orders and anything else job related. Also, plan to leave in a timely manner. Tie up any loose ends to ensure a successful checkout when that day comes. Take pride in your work until the very end.
- Life after Uncle Sam. Behind finances, mental health is a good thing to think about. Mentally prepare yourself to retire from the federal government. There will be no more vouchers for various things, official orders, and travel duty assignments. Prepare for day to day life. Take some time, travel, and enjoy the fruits of your labor.
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