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Reply to "Is a pension all it’s cracked up to be?"
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[quote=Anonymous][quote=Anonymous]OP here. Thanks all this has been really helpful. 1. I max current retirement offerings, mostly because we’d get eaten alive in taxes otherwise. 2. House is already paid off. 3. I also contribute to a 457b. Would continue to have the option of contributing to that account if enrolled in pension as well. 4. Current role is interesting and good work life balance. 5. 18 months from now the pension plan will have reopened or it’s never going to happen. 6. Retiree healthcare is part of pension plan. 7. External roles pay $500k a year including bonuses, but field is volatile. I can expect to be on the job move every 3-5 years. I’d have 10-15 years of runway before being considered old, which would definitely impact earning potential. No job security. 8. I could moonlight in current role. Maybe an extra $30k a year. [/quote] Based on this, I would definitely wait for pension to open and sign up. If it doesn't open, then you might think of leaving.[/quote]
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