No. of Recommendations: 0
This is all well & good; potentially even at a cost of $11,000. However, to evaluate this option, you need to give us a bunch of details:

1. Your current age?
2. What mnthly benefit would you receive and at what age would it commence?
3. Any special features attached to (2) above?
4. Anything unusual about your health/life expectancy?

With these data we can do a future value computation to determine:

A. Spend the $11k to buy the years to buy the benefit in (2) above.

B. Invest the $11k for N years (say to age 65) which will create a lump sum of $XXX which can then be converted into an immediate annuity of $ZZZ per month.

Currently 43 YO, with repurchase would be able to
retire at 25 years service & 55 years of age. Current conservative estimates (since I don't know my final 3 years of compensation yet for accurate figures)is $1700 per month for life after retirement. I would also have an option of working until I had 30 years of service for additional monthly benefits - currently I will have to work until I'm 60 for the 25 years.

As I said in another message, most likely the $11,000 would not be invested since I'm planning on using money we'd saved for another property purchase. If I don't put this money into this retirement, we will most likely be spending it in the future for some property to be used down the road in retirement. If I use the money, and then we later find property to purchase we'll then worry about a loan for that.

Thanks for all input - it all helps me to look at it in different ways.

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