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Reply to "Quantifying Value of Federal Benefits for Private Sector"
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[quote=Anonymous][quote=Anonymous][b]But a government guaranteed pension of $60k a year until you die is worth exponentially more than the estimated value of what you'll likely actually pull out[/b]. Let's say actuarial tables estimate you'll only live 20 years after retirement, so you're talking about $1.2million of pension payments (let's ignore inflation to keep it simple). But you MAY live 40 more years. Which is $2.4million. If you don't have a pension, you have to put aside NOW so much more money than $2.4million if you want to guarantee yourself $60k a year until the unknown date that you die. You have to protect against inflation, market swings, etc. So the fed pension is worth a LOT more than the actuarial value of it. [/quote] This is what I've intuitively thought. I would love to see the hard numbers in some sort of online calculator or something. [/quote]
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