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Yeah, but -- the last I heard, the military wasn't accepting everybody that walked through the doors. In fact, I know a guy that was booted after two weeks of boot camp.... he ain't getting a pension. ( they should have never let him in -- he was unstable)
I had it in my mind that the OP is an RN. Those and Doctors are in demand as are Electrical Engineers. Which was why I had suggested it.
He has training in a field that is in demand by that employer.
The career I was mentioning to the OP has not gone away, and still offers a 20-year pension.
I understand that many other employers have stopped this practice.
Well see if that career pays out pensions to people in 30 years. I'm betting it won't, or at the very least, the pension payout will be much less as a % of final salary (or at a later age, or both) than the current benefit.
Yeah, but -- the last I heard, the military wasn't accepting everybody that walked through the doors. In fact, I know a guy that was booted after two weeks of boot camp.... he ain't getting a pension. ( they should have never let him in -- he was unstable)
And let's take a look at the huge amounts of debt we're taking on. Something (probably many things) will have to be scaled back or eliminated or we will go the way of Greece.
Well see if that career pays out pensions to people in 30 years. I'm betting it won't, or at the very least, the pension payout will be much less as a % of final salary (or at a later age, or both) than the current benefit.
That's a risk in any job. I'm a newly minted federal employee and whose to say that I'll have a pension when it comes time for me to retire. I can only plan within the parameters that are available. If the target changes I'll just have to adapt and compensate.
Besides military pensions are a drop in a bucket in comparison to medicare/medicaid/social security...
That's a risk in any job. I'm a newly minted federal employee and whose to say that I'll have a pension when it comes time for me to retire. I can only plan within the parameters that are available. If the target changes I'll just have to adapt and compensate.
Besides military pensions are a drop in a bucket in comparison to medicare/medicaid/social security...
I'm not disagreeing. But my point is that anyone who still has a job with a pension should save as if they aren't going to get it. If you get a job with a pension that you like, great. But don't work there primarily because of the pension. I have a public sector job with a pension and that's what I've always tried to do since I started working there in 1996 when everything looked rosy and people said stuff like "you'll never have to worry about retirement because of the pension". Good thing I didn't listen to those folks, because the pension plan where I work is in the process of being scaled back.
I'm the independent type so I don't want to rely on anyone's money but my own, so I agree with you. I'm fully funding my TSP. If the projections are close, I'll have more than 3 million in "future dollars". I could live on that for a number of years without having to rely on a pension or SS if I have to. I'll consider my ROTH-IRA my slush fund and rental properties my monthly allowance. We'll see though, I'm 32 now and have 30-35 years till I'll be eligible for retirement
They are low. The assumption used was living only to age 75. Plus living off $50k a year doesn't allow much of a lifestyle. Running the numbers to age 80 or 85 plus using 100k a year is more realistic.
Why would anyone want to retire at age 50? unless your job is really stressful, or if you are in bad health..
Stay in the workforce make your mind sharper, less time thinking about unnecessary things, meet people, and still able to have time off like weekends and holidays.
Also don't have to worry about health insurance.
I probably work until i die, because i do not want to be counting pennies, and get the cheapest stuff.
Why would anyone want to retire at age 50? unless your job is really stressful, or if you are in bad health..
Stay in the workforce make your mind sharper, less time thinking about unnecessary things, meet people, and still able to have time off like weekends and holidays.
Also don't have to worry about health insurance.
I probably work until i die, because i do not want to be counting pennies, and get the cheapest stuff.
Why would someone WANT to work past 50?
Why do people want to work their life away?
I'm on a week-long motorcycle trip right now, went over to my land, traveling the highways and byways, visiting people, and planning the construction of my cabin.
Next week I'll be negotiating my next contract, but I'll be more concerned with the flexability than the pay since I have decided I want to spend more time up here... (or the pay will need to be like the last one, I look at the money to time ratio)
There are PLENTY of things I can do, people I can meet etc. I have no need to work to fufill those areas of my life.
What job accepts everyone? I'm sure even McDonalds turns away people.
Sometimes I wonder...
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