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Reply to "Any other feds struggling to give a damn long enough to hang on until retirement?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m confused about the “sweet, sweet subsidized healthcare” Is it really that great? Wouldn’t it make more financial sense to work another decade in a higher earning job and invest the money? I feel like government employees have been gaslit about their benefits. Why should you work a miserable low paying job just for 5-10 years of subsidized healthcare??[/quote] No, no matter how much you invest for the nest 3 years, it won't cover the lifetime subsidized healthcare. I assume OP is going to retire before 65. Plus, you assume a life time government worker who is 50+ can find a job in the private sector. -private sector employee who is only working for the healthcare because private care is very very very expensive. [/quote] True. Fed here retired at 58 with 30 yrs. Wife is 7 yrs younger. [b]The health benefit will save 500-600k over our standard lifetime[/b]. Ran numbers with financial planner. If I die earlier then of course spouse just continues on with fed healthcare for life. Good deal for us![/quote] This isn’t that impressive. Most people I know leaving a government job are earning around 75-100k more each year. You could easily invest just a fraction of it over say, the course of a decade, and end up with more than 500-600k. What you share further supports my opinion that Fed employees think they have these amazing unique benefits that really aren’t that great. [/quote] The benefits may not be amazing but they are unique. I would take them in a second. Good luck trying to hang on to a job until 65 hue to layoffs or health. Sucks out there for some.[/quote] and there it is. Feds lording it over with their inability to be fired and their "unique" benefits. This is why what's happening is happening to your colleagues-- YOU. I hope you're happy at what you are doing to them. [/quote]
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