Reply to If you have a pension, do you max out retirement savings too?

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Reply to "If you have a pension, do you max out retirement savings too?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Question is in the subject line. I see lots of advice on this board to max out retirement savings, which to me means $17,500 for both working adults, as well as $5000 to an IRA each year. DH and I will both have FERS pensions coming to us, and while we put a good chunk of change in our retirement savings, we still don't max out. I've played with various calculators online to try and estimate whether we are saving enough, but I was just curious if others with pensions felt the need to fully max out other retirement vehicles as well. Thanks for indulging my curiousity.[/quote]

Yes, we never know when the pension will go away.  [/quote]

I think it is ridiculous to think that the federal government will renege on its legal commitment to provide the agreed pension - which is fully funded, by the way.[/quote]

Didn't the government recently renege on military pensions?  [/quote]
The law would have reduced cost of living increases to military pensions. The calculation of the initial pension amount would have stayed the same. However, repeal looks likely.[/quote]

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