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Reply to "Kids becoming Firefighters and Cops"
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[quote=Anonymous][quote=Anonymous]My dad was a police captain. He was making $150k a year and that was 20 years ago. At that point he was mostly doing white collar management work at a desk. He retired in his early 50s on a $100k/year pension and started his own business. There are drawbacks as in any job but there are also rewards.[/quote] These days not many jobs provide a guaranteed stream of income for life. That’s an amazing asset when you’re doing your long term financial planning. When you supplement it with a Roth over 25-30 years an officer could easily build another $1M nest egg, nevermind the potential retirement savings of their spouse. Then you tack on SS if it still exists. [/quote]
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