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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would only be jealous of a fed pension if they started 15 years ago. Newer feds pay in a lot more to get the same pension amount so it's lower salary in reality. Sucks.[/quote]

Yea but you would need to have many millions of dollars in a 401k to generate the sort of income you’ll get from a pension[/quote]
Pensions are only good if you live long enough to collect. I know of two people who died within two or three years after retiring. Pensions stop at the pensioner's death. What is remaining in a 401k can be left to heirs. [/quote]

Nope. For federal pension the spouse continues to receive at least 50% after death of partner with pension.

[/quote]
That’s only if you select survivor benefits. And only a spouse can inherit that pension. Everyone isn’t married, but most people have someone that might want to leave money when they die. Children  or any beneficiary can inherit a 491k, 457, or IRA. [/quote]

Most federal employees also have a TSP.  Government matches 5%.  My DH and I each have 1 million currently in TSP (at 50) in addition to the pensions we will receive. [/quote]

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