Reply to How much do you think you need for retirement, salary and age (and when you expect to retire)

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[quote=Anonymous][quote=Anonymous]It is a crap shoot even with pensions.  Remember ENRON?  Also, my grandparents lost their guaranteed health insurance when their former employer went bankrupt.  It got worse over the years until getting private insurance was the better option even after Obamacare kicked in.

Of course I also had an elderly cousin who died a few years ago with a couple million in savings — no investment accounts — earned from municipal government pensions.  He and his wife lived VERY frugally — as in their primary residence was a trailer they towed all over North America. (The original tiny house people!) Should the have enjoyed their money more?  Sometimes I wonder.[/quote]

I assume everyone on here that counts on pensions is a government person. IDK who would be so naïve as to count on private sector pensions. Maybe I'm jaded but having worked in the bankruptcy space, the first corporate obligation that is discharged when any kind of financial trouble hits is pensions and retiree healthcare (if any was promised).[/quote]

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