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Yea but those things have a value. Like, my cop buddy has a pension. That's worth something. The longer you live the more it's worth. He's a young healthy 50. His pension is probably worth $1 million if he lives to be 80. 30 years.
My friends dad who was in the FBI said you don't go to the FBI for the pay. You go for the pension.
My cop buddy is now a politician. If he wins re election once, which he will, and makes it to the end of his second term, so 8 total years, his politician pension will be just as big as his cop pension. So at 60 years old if he wants to stop working he could retire with a cop and politicians pension. Double. Good for him!
Yes....like income property
Yes, they do have a value, but it is harder to quantify. Someone with a pension likely does not need 1 or 1.5 million in a retirement account.
If I retire at 65 and live till 85 my MC pension will have given me about 600k in those 20 years. When factoring in how much money I need to retire do I assume 600k?
And it also comes with health insurance so that is less of a concern for us as well.
Harpy Eagle - Just to check, you know you have to be enrolled in Medicare to maintain qualification for TRICARE for Life right?
WW
Planning
Yes you do!!! You know during that time you'll have that much coming in.Yes, they do have a value, but it is harder to quantify. Someone with a pension likely does not need 1 or 1.5 million in a retirement account.
If I retire at 65 and live till 85 my MC pension will have given me about 600k in those 20 years. When factoring in how much money I need to retire do I assume 600k?
And it also comes with health insurance so that is less of a concern for us as well.
Yes you do!!! You know during that time you'll have that much coming in.
You don't know how many people I talk to in Florida who say they'd retire sooner if they didn't have to wait till 65 to get medicare. You're lucky. Not lucky. You earned it by serving.
Good pointSoon people will be begging for help from the government.
Then the shit will hit the fan!!
Digital currency anyone?
It was the plan all along.
I would probably pull the trigger before 65 if my wife was ready. But she has only been a nurse for about 11 years and still loves it and is not ready to walk away from what it gives her. I would be stupid to retire till she is ready given the easy nature of my job