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Reply to "401K plus pension"
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[quote=Anonymous][quote=Anonymous]For a given income, you can either save or spend. $200,000 is great if you have limited ability to save, because of high expenses (day care, etc.) and/or limited income. Don't suffer now just to save more when you have a good pension. On the other hand, if you're making $500,000 and spending it on luxury cars and vacation, then $200,000 is way too low: Spend less and save more.[/quote] This! Also, will you be eligible for your pension and Social Security? Because if yes, then you will be pulling $9-10K at retirement and that is excellent (assuming you maintain a 200K lifestyle or less until then) [/quote]
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