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Going to have a mental breakdown from indecisiveness on going fulltime based of this board
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<blockquote data-quote="Imchar1" data-source="post: 1360169" data-attributes="member: 47533"><p>I don't know how old you are but I am fairly young still. I am fairly certain the pension will fail by the time I am ready to collect on it. I am also in the region with the strongest pension funding. It is more than likely at some point you will be lucky to get half but a more realistic guess is 1/3 rd. Got a 401K? Don't count on that either. Government has already talked about taking those. Ever hear of MyRA? </p><p></p><p>The fact is pensions eventually fail then govt takes them over at pennies on the dollar. With the federal debt what it is.... lets put it this way if your a baby boomer and retiring in the next 5 years or so most of your retirement should be comfy. Just get as much of it in your possession and out of institutions.</p><p></p><p>For Gen Xers like me, we will never see any of it, we will only pay. </p><p></p><p>So no I don't think its worth it because I doubt the promise will be kept. It will be reduced, taxed, and finally whatever is left will be eaten by inflation because of decades and decades of non existing fiscal policy and incredibly reckless and irresponsible monetary policy.</p></blockquote><p></p>
[QUOTE="Imchar1, post: 1360169, member: 47533"] I don't know how old you are but I am fairly young still. I am fairly certain the pension will fail by the time I am ready to collect on it. I am also in the region with the strongest pension funding. It is more than likely at some point you will be lucky to get half but a more realistic guess is 1/3 rd. Got a 401K? Don't count on that either. Government has already talked about taking those. Ever hear of MyRA? The fact is pensions eventually fail then govt takes them over at pennies on the dollar. With the federal debt what it is.... lets put it this way if your a baby boomer and retiring in the next 5 years or so most of your retirement should be comfy. Just get as much of it in your possession and out of institutions. For Gen Xers like me, we will never see any of it, we will only pay. So no I don't think its worth it because I doubt the promise will be kept. It will be reduced, taxed, and finally whatever is left will be eaten by inflation because of decades and decades of non existing fiscal policy and incredibly reckless and irresponsible monetary policy. [/QUOTE]
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Going to have a mental breakdown from indecisiveness on going fulltime based of this board
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