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Reply to "I am X years old and have X saved in a retirement fund"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]HHI $250K DW 38 $90K TSP, $30K IRA, military pension at 60 and federal civilian pension at 62. DH 40 $50K TSP, $30K IRA, military pension at 60 and federal civilian pension at 62. DC 8 - 4 years of post 9/11 GI Bill, $35K 529 DC 1 - 4 years of post 9/11 GI Bill, $2K 529 Looking to have approx $200K per year in today's dollars to live on in retirement. With pensions and SS (and normal career progression) should have $180K per year. [/quote] That's what's wrong with this damn government. Four pensions, $200k a year..... They just give away money to Feds.[/quote] The fuck is wrong with you, pp? I mean that? What the FUCK is wrong with you? Are you suggesting that this money wasn't EARNED by these people who have been in the workforce for 20 years? I am 41 and have $300,000 saved for retirement and $70,000 saved for two kids in 529s. I am in the private sector -- did my employers GIVE AWAY this money to me? What a twisted, ugly world view you have. Do us all a favor and quit expressing your pathetic views on the Internet.[/quote] Cause its a total wealth transfer. Why should the government pay for TWO pensions per person? Plus social security? Especially for a family with HHI of $250k?? On top of which they also get free medical for life, loan forgiveness, and the GI education bill requires only 30 days of service before you get 40% of the benefits. Seriously, 30 days of service. That's it. What private sector employee benefit even comes remotely close? My point is thus simple: it isnt about earnes or not, its that its unneasersarily generous. Moreover, it isn't as if public sector salaries are a disgrace. Far from it - for years they not only enjoyed better stability but near guaranteed raises year over year. I'd much sooner support a more equitable distribution to all us citizens. Tax me more. Lift the cap at $105 on SS. Don't allow me to draw SS if I have over $x million in assets. All fine. But to tax me so a handful of people can get free medical, education and a six figure pension, well that sits less well with me. [/quote]
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