Reply to What is your net worth if you are 55 years of age

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]59 yo and spouse is 65 yo.  Both feds.  Spouse retired under the old system and took a survivor annuity, so nice pension.  In addition one in college one in HS, and college fully funded.  TSPs have a combined $3M+ as we both always maxed out as well as catch up.  Invest accounts outside of retirement is another $3M plus a house fully paid off - in this sellers market could easily get $1M.  Yes, I know this is good BUT we didn't spend (low cost/no vacations, ran our cars into the ground, no cable, etc)  So now we are having a hard time trying to figure out how to spend.  First world problems I know, but is causing a lot of stress.[/quote]

So you guys are worth $10M. Sheesh government workers get paid so much more than us idiot private company ones. I have a PhD and we saved and saved and never spent but not pension and had expensive housing and didn’t get your $400HHI standard for two FEDs. [/quote]

Pls note PP’s “old system,” things are different now and I fear for young people starting out as GS-5 or GS-7 w/o family help.
Simply can’t make that kind of $$$ anymore in govt, it’s not 1990 and these young people will check out after two years and go private sector.[/quote]

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