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Reply to "How do you calculate the value of your federal pension? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Pension is priceless. Doesn’t seem much when you are young but when you retire, there is nothing better than money that comes every month[/quote] And increases with the cost of living.[/quote] My friends late father was a career Fed, retired off the older legacy pension system. He also did very well with investments but as he became older, those he entrusted (including his own children) to manage his investments (mostly real estate) mismanaged and/or stole from him. Sadly in the end, he had nothing but the Fed pension remaining which sustained him until he died. He had the more more lucrative older pension, but yes a steady check in the bank each month is golden, particularly in advanced age when cognitive capabilities are limited or gone. I'd take much less in investment capital vs a lower monthly payout via a govt pension. Peace of mind.[/quote]
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