Would you go 100% VT after maxing out Roth if you have a pension and start investing at 45?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Spouse and I are near 60, fully retired with close to $175K annual pension. We worked for the govt and will also get a min of $4K each SS at 65 or 67. Our $2.5m portfolio is fully invested in the SP500. We figured that for giving up the lower salaries all those years, but the pension lifetime govt pension shield, the optimal thing do is to leave the funds 100% in the stock market. The pension and eventually SS is more than enough so let it ride. As one of the other posters stated, pension is a golden hedge - allows one to take risks that a 25YO should take.

God, that is an insane pension. Must be NJ or NY.

My ex wife is a teacher in NY. Her pension is insane. I wonder who is paying for these insane pensions in NY in particular. If anyone doesn't want a 401k and instead wants a pension move to NY and become a teacher or cop or firefighter. The lifestyle of some of those public servants in NY can rivals wall street folks I am not kidding.

How old is she? NY pension system has multiple tiers, which are less and less generous as they apply to new hires.

[Anonymous]

Depending on what your schedule and life demands are, it is not a bad idea to work some minimal amount to qualify for SS. You may already have a good number of years of working and contributing before you started teaching and some summer work and an enjoyable part time job when you retire from teaching could go a long way to creating a second income stream to supplement what you are able to invest over these next 17 years and delay when you need to tap into it.