Reply to Can we expect waves of baby boomers to start retiring in the next few years?

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Reply to "Can we expect waves of baby boomers to start retiring in the next few years?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I retired at age 58 with a Fed pension.[/quote]

Probably should mention that I was replaced with a part time worker at a much lower grade. :P[/quote]

Not much to brag about then... just another Fed ripping off taxpayers.  Getting full time salary while only working part time.

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I think you're rather confused about what a pension is.  Are you jealous that your 401k is rises and sinks with a market overwhelmed by speculators and some Wall Street fatcat periodically takes a percentage of your hard-earned retirement money for basically doing nothing?  Maybe that's the ripoff you should be upset about.[/quote]

Face it, your guaranteed fixed income pension which you paid in peanuts yet receive a $1m annuity, or more if you live longer, is unsustainable.  That's why they've been fazed out at corporates and fed jobs (which have offer 401ks for 10+ yrs..)..

Enjoy your good timing and favorable politics![/quote]

That's the bum deal of being in the shadow of the boomers. Many of them got these sweet retirement deals that cannot possibly be sustained in the long run. Other than feds, most people I know are expecting their retirements to be poorer than their parents' golden years.
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