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Money and Finances
Reply to "58 and no savings and no pension"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]Get a government job asap for the retirement. You can owe the IRS and work for the feds as long as you are in a payment plan. After 6 years, you are entitled to a retirement with the feds. If you worked till 70, you might get about 10% or so of your pay for the rest of your life, plus SSA. It's better than nothing.[/quote] Would not count on the feds having a pension option in a few years. The political wind is blowing hard against it.[/quote] Seriously! Until I read this thread, I had no idea feds could retire after 6 years?! If so, no wonder the political wind is blowing against it. How about a hurricane?![/quote] you can't retire afte working onlyr 6 years (unless you are retirement age). you become vested after 6 years with the federal government and can get a small amount out of the pension when you do retire. the amount goes up the longer you are with the federal government. [/quote] But the point is fair is it not? Work for 6 years, get something for the rest of your life? Even if its not much that seems like a helluva deal [/quote] if you only work 6 years - its only like a couple thousand a year. but yes, it is something.[/quote]
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