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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I like government workers, in part, because they’re my financial advisory clients. On average, my government workers are far, far better prepared for retirement than most of my other clients. The pension and subsidized health insurance are massively helpful. If a family has two federal workers, the 401ks hardly matter. I’m just saying that many - maybe not all - federal employees have it very good - especially in the long-run - compared to most DC folks. Perhaps, that helps soften the blow of RTO. [/quote]

Explain to me how good I have it because I don’t see how I’m going to pay for college on two federal salaries without selling my real assets.  Yes, I’ve maxed out my TSP.  But that’s all I’ve got plus some equity in my house and the rental property we own.  No unsecured debt really, but we aren’t saving.  Retirement is 15-20 years away and with pay compression my earnings are essentially capped.  I can’t depend on inheriting money like some.   I can’t even depend on being employed or alive for the next 20 years.  My view is to maximize earning while the earning is to be had. The days of working for government for 40 years are gone. [/quote]

How is paying for college unique to feds?  Private industry workers figure it out.

You pay what you can, or your kids take out loans, or they go to community college.  Like everyone else.[/quote]

You are a financial advisor?   Or are you a different PP?  As many, many, people have said:  private sector pay is HIGHER.[/quote]

I'm a DP.

Maybe if you're one of the ubiquitous lawyers in this thread, private pay is higher.  Or if you can get a cushy consulting gig.  But Feds by and large are not underpaid.

I'm a fed, married to a fed, and we have one in college now, and a second going to college in a couple of years.

I started a 529 when our oldest was born, when I was a GS-12, my husband a GS-7.  Had a mortgage, daycare costs, no inheritance, still managed to contribute $400 a month.  18 years later we starting using it to pay for oldest's college.  Is he at a $70K a year school?  No.  He knew what we could contribute and anything above that was on him.  He chose accordingly.  [/quote]

18 YEARS? REALLY? Its not comparable.

Daycare costs and mortgage are double the total income % compared to 18 years ago. [/quote]

Sure if you *just* bought a house.  But up until recently mortgage rates were crazy low.  House prices weren’t ridiculously high a couple years ago.  What’s your daycare cost?  [b]I bet mine wasn’t that much different 18 years ago[/b].

I guess the answer for you, to afford college, will be to leave your low-paying federal job and go get one of the high-paying private ones.  [/quote]

18 years ago I was in college hand writing notes in class and downloading songs on Napster. I bet my experience wasn’t that much different than your child’s college experience.

I am thinking you must be a troll b/c there is no way anyone thinks childcare costs from 2005 and comparable to daycare in 2023. [/quote]

In fact, they are almost triple what they were for me in 2011! [/quote]

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