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Reply to "Is a pension all it’s cracked up to be?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't get this. I am a fed making a measly 100k toward a pension that will pay 33% when I retire. Whoop de doo. If I could make an extra 160k per year now, how is that money not worth WAY more by retirement?! [/quote] It would be worth more if you know you'll keep the job for all the years to retirement, but that doesn't always happen. If you got laid off and couldn't find another job, the 100K government job might look better. [/quote] I think everyone would love to retire early. Assuming OP is 35 its a good deal if they can make it to 50 which seems like (and doesnt even consider the likely higher final salaries and growth). 35-62 $100,000 $2700000 35-50 $260000 $3900000 She can do a lot with an extra $1.3M[/quote]
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