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that seems to be the common opinion this day and age, which is why even people who have good incomes don't have much money saved. At least you have a pension. Many people won't be so lucky.
Lucky? I worked for 37 years at a back breaking dangerous job in extreme heat and cold weather. I earned that pension.
I didn't say you didn't earn the pension. I said that if you didn't have a pension and lived the way you described you would be homeless. Lucky, in the sense that many people with your attitude of "spend everything you make" won't have a pension to fall back on like you do. Perhaps you had that attitude because you knew you would have a pension, but obviously many people have that attitude regardless of their situation.
I didn't say you didn't earn the pension. I said that if you didn't have a pension and lived the way you described you would be homeless. Lucky, in the sense that many people with your attitude of "spend everything you make" won't have a pension to fall back on like you do. Perhaps you had that attitude because you knew you would have a pension, but obviously many people have that attitude regardless of their situation.
Knowing that pension was there was part of it. however part of it was paying off 3 homes also...........
Plus raising 3 children............that alone will keep you broke. sorry I sounded so defensive.......
You're playing with semantics. A pension is part of the compensation package, just like a 401k match, stock options, etc.
Receiving something with a monetary value -- in exchange for services rendered -- is pay. If it wasn't, we'd all be getting his company pension too.
Unless you're getting "free money" in paycheck form as an incentive for working there too...
yes, perhaps
bottom line, i think mizzourah2006 hit the nail on the head and is right on. Not everyone is lucky enough to 'still' have a pension these days, yet many share jeffdoorgunner's mentality nonetheless when it comes to saving.
It certainly works in jeffdoorgunner's situation and more power to him, but i think Mizzourah2006 had a good point. that's all.
I have a 401k match from my employer...but I don't see it as me "earning" that money! It's free money, given to me as incentive for working there.
Technically speaking, a 401k match is earned income that is tax deferred. It is part of your total compensation package (which includes to cost of other benefits, such as the employer-paid portion of your health insurance).
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