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Reply to "We make $260k combined….why do I feel like we have no money?"
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[quote=Anonymous][quote=Anonymous]Fin Reg here and I'm 15 years into my career. If I spend another 15 here my pension is projected to be around 115/year. I've dialed back on other retirement savings (not maxing, just contributing enough for the max) and they should be about $2M. Then with DH's retirement savings from his non-gov job there's a very real chance our standard of living will go way up in retirement, especially if we downsize our house. [/quote] You are either lying or bad at math, and therefore shouldn't be working at a financial regulator. At 30 years of service, your fers multiplier is .33. To have a 115k pension in today dollars, your salary would need to be 348k, which no fin regulator pays. Either that, or you are looking at it in future dollars, which isn't present value. [/quote]
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