Reply to Is a pension all it’s cracked up to be?

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[quote=Anonymous][quote=Anonymous]My mother's family died in poverty without pensions. On my Dad's side everyone retired and lived long healthy lives--lots of travel and own property. Tlmy Dad's side had pensions. My Dad now has a pension and makes a solid 6 figures in retirement. The pension options have been reduced but it is 100 times better than a 401k[/quote

Trouble 401k is very few due the max and and most are not aggressive enough.

And matching makes a big difference. I am set to retire with two million in my 401k. Even at 6 percent it will return $12,000 a year in retirement without touching principal.

My wife has one million her 401k so that is another $60,000 a year.

huge huge huge huge drawback pensions your kids can’t inherit them. You and husband could work 40 years as a Fed and on way home retirement party you both get hit by bus and dead. There goes pension.

Other problems pensions not all COLAS. My mother retired a $200 a month pension. Was actually a good amount. When she died an old lady it was near worthless. Inflation ate it away. [/quote]

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