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Anonymous wrote:I will answer this in good faith. Between Gwen and Tim, they have 4 pensions (army, teacher, teacher, congressman). Between that and social security, their retirement is secure.
For a very long time, they were a dual income teacher/teacher household. You know how much money they make. For a long time, they tried IVF to have children. You know how much that costs. He has put money into his children’s 529 plan. They had a house that they sold when he moved into the governor’s mansion. Until his decision to run for office, the Walz family had a perfectly middle class life.
This is not a failure, it’s a good thing. He didn’t sell himself out and make himself beholden to special interests, which means that he could actually work on behalf of his constituents without external pressures. I think we have became so used to corruption in politics that when we see someone who is not, it seems like a bad thing.
He actually has 5 pensions. You’re not counting his pension as current gov, which will allegedly be $60,000 a year.
I tried to figure it out, I think with a single term probably half of that. But
What he has not done, is to enrich himself while in office.
Saving money and wisely investing them is not illegal enrichment, it is indicative of financial education and wisdom. I am an immigrant and I don't know anyone who does not own a house by the age of 40 and who does not have at least a million in various investments by the age of 40. To be old as Tim and not to own a house and not to have any investments other than government pensions is very concerning. If he cannot manage his own money and his own spendings, how we can trust him with our money?
This is such a bizarre take, and I say this as an immigrant with investments and a home. If you have enough of a pension to support you for the rest of your life, what exactly is the problem?
Money management is a problem. The person for 40 years did not learn how to manage money. Huge red flag.
He’s not in debt and has pensions worth multiple millions of dollars. What red flag?
DP. "Multiple millions of dollars"?? What on earth are you talking about?
Walz’s exact net worth is not known, but it’s estimated to be between $112,003 to $330,000 without counting his federal pension, which could add as much as $800,000 to that number.
A 2019 disclosure estimated the pensions to be worth $81,000 to $215,000 and a federal retirement plan for his years of service in Congress could earn a federal retirement benefit of $55,000 per year.
https://www.newsnationnow.com/politics/2024-election/tim-walz-net-worth/#:~:text=A%202019%20disclosure%20estimated%20the%20pensions%20to%20be,a%20federal%20retirement%20benefit%20of%20%2455%2C000%20per%20year.
I have seen the calculations of his multiple pensions being worth more than 2 million. Pensions are worth a lot!
You are lying. Why?
With a net worth between $112,003 and $330,000, Walz sits far below his peers. Research shows that the average net worth for congresspeople and senators is around $1 million.
If we’re estimating that Walz’s net worth is on the high end of that—$330,000—
he’s still far below where a typical 60-year-old should be if they want to retire.
And while Walz does not have a 401(k), IRA, or taxable brokerage account, he does have a pension, which seems to be his sole source of retirement funds.
Nowadays, the pension is a relic. Only about 15 percent of private-sector workers have access to a pension, according to data from the Bureau of Labor Statistics.
https://slate.com/business/2024/08/tim-walz-finance-disclosures-retirement-savings-pensions-average-american.html