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Reply to "How do you value a pension in your net worth?"
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[quote=Anonymous]I am a federal employee, I joined the government in my early 20s and can retire at my minimum retirement age of 57 with over 30 years of service. I’m calculating at age 57 I’d have 33 years and my high 3 average salary would be around $200k so I could have around $66k in pension annual income for the rest of my life, more if I stay longer. My DH didn’t join the government until his 40s so at 57 he’ll be closer to half that or $30k annually for life. We do have over $1m in the TSP with several years to go and will both get the maximum SS, but when I see all of these posters with a lot more retirement savings I wonder if we’re behind or doing ok due to the pensions. [/quote]
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