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Reply to "What do you say when people keep on asking you when you plan on retiring?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I would live to know how they will retire at 55 and possibly live 30-35 more years on a pension? They'll have to worry about every penny.[/quote] If I had a pension guaranteed for my lifetime and covering 80% of my salary, I would retire at 55. :)[/quote] That's the old fed system that's almost phased out. Longevity didn't enter the equation. New fed system is half that plus a 401k equivalent. Many state & county ones are still full pensions letting people retire early and are scary liabilities for those governments for years to come. [/quote]
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