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Reply to "Kids becoming Firefighters and Cops"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DP to add, and as long as teachers are paid far less, they can keep their pensions. But when we pay cops three figure entry level salaries?? They don't need a pension!! They can have LTC and disability if injured. [/quote] What if I told you our twenty-something son makes six figures, has a pension, a 457(b) with match, a personal Roth and high five figures in a high yield savings account? He’s eligible to retire at 50 but will probably work until 55 to maximize his pension.[/quote] six figures has not been a thing in 30-40 years. Today six figures at 100K you are at eating at the food bank living with roomates in a dumpy apt in HCOL areas or you could be making 999K and living in a Park Ave Coop or Chevy Chase md. I recall back in 1982 my Moms big Boss made 100K and he was rich. Today thats barely a garabage mans salary in a poor town. [/quote] My spouse and I earn 130k each, live in a single family home in an excellent school district in Fairfax county, take vacations in Europe every other year (thanks Chase Sapphire), no family help, paid off student loans and car loans, paid daycare for two children (one at a time,born 5 years apart) followed by aftercare, and we only made this salary by late 30s/early 40s. A little behind on retirement but have 850k in mid 40s after only starting 401ks 10 years ago. I think you are exaggerating a bit; two people with 100k salaries can manage. And we don't get pensions. So why should a cop getting 100k starting? [/quote] You’re right. The person you’re replying to is either out of touch, has an axe to grind, or both.[/quote]
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