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[quote=Anonymous][quote=Anonymous]I recently met someone and he told me that she will retired with a $65000 pension, but he won't have any social security because he never paid into it. So people with pension don't have social security? This person also told that's their only source of retirement. They have no 401k, no Roth nothing just a pension. But he said that his home is paid off and he also has a rental that brings him $1500 after all expenses. That can't be enough to retire just $65k per year and additional $1500/month.

What's the appeal of pension if one can't have social security? Or is it specific to some companies where you choose one or the other. This person I think retired as a teacher but I don't know the state.[/quote]

Considering that the average salary of a US worker is ~62k per year I’m not sure how you would come to the conclusion that someone with a 65k pension, an extra 15k/ year in rental income and a paid off home would be unable to get by. …you sound wildly out of touch with reality.[/quote]

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