Before deciding on when to retire, take the time to find out how much money you will need monthly after taxes and insurance to enjoy a comfortable retirement. A well thought out plan that incorporates legal considerations, tax implications, as well as asset maximization for beneficiaries is an important first step.
Government regulations permit OPERS personnel to explain benefits, not to provide financial advice regarding individual member situations. Ideally, your plan should be “quarterbacked” by a knowledgeable professional, and reviewed for changes annually or if a meaningful event occurs (for example, loss of a beneficiary). While every member of your team of professionals may be well meaning, make sure there is an “experienced quarterback” who not only works with your other professionals, but makes sure what needs to be accomplished on your behalf is executed professionally and cost effectively.