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Reply to "If you have a pension, do you max out retirement savings too?"
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[quote=Anonymous]I don't save anything for retirement, but I have a pension that pays 2 percent of my high 3 per year worked. If I only had Fers, I would try to put aside 17.5K/year as well. One percent of your salary is not very much. I think you want something like two-thirds or three-quarters of your working income during retirement. If you only do fers for 35 years you will be living on a third of your salary.[/quote]
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