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Early retirement
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<blockquote data-quote="25TOLIFE" data-source="post: 2520761" data-attributes="member: 34972"><p>I know the pensions seem like a fraction of our regular pay. I went out with an injury in 2014. Pension is a little more than $3k p/month. I have no tax taken out so I take home the full amount. I have enough deductions between real estate taxes (long island), medical exp and children to not worry about owing the government every tax season. After paying for family medical my take home is roughly $650 a week.....I know it seems like a little but on average it's probably around $400 less than I was taking home after tax, dues, 401k etc. Not a huge deficit to make up. If your body is breaking down and you are at retirement age it can be done with a less physically demanding job to add to your pension. I would have liked to go longer to increase both my pension and add to my 401k but it wasn't to be.</p></blockquote><p></p>
[QUOTE="25TOLIFE, post: 2520761, member: 34972"] I know the pensions seem like a fraction of our regular pay. I went out with an injury in 2014. Pension is a little more than $3k p/month. I have no tax taken out so I take home the full amount. I have enough deductions between real estate taxes (long island), medical exp and children to not worry about owing the government every tax season. After paying for family medical my take home is roughly $650 a week.....I know it seems like a little but on average it's probably around $400 less than I was taking home after tax, dues, 401k etc. Not a huge deficit to make up. If your body is breaking down and you are at retirement age it can be done with a less physically demanding job to add to your pension. I would have liked to go longer to increase both my pension and add to my 401k but it wasn't to be. [/QUOTE]
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