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Once again being made to help another driver
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<blockquote data-quote="35years" data-source="post: 3190735" data-attributes="member: 60822"><p>Hence the reason they retire.</p><p>No wife or kids to support.</p><p>Some of us have responsibilities.</p><p>Additionally, my pension will pay $2,400 more per month at age 62 than at 55.</p><p>Not all pensions work the same.</p><p></p><p>My plan is to have $1.1 million in my 401k and wife's IRA, $6,000 per month pension, $3,900 in SS, owning a house outright. </p><p></p><p>If I only had $200,000 in my 401K, a red zone pension and SS based on $75,000 income at age 57 I would not count on caviar. You would have to plan for 30+ years of life after retirement.</p></blockquote><p></p>
[QUOTE="35years, post: 3190735, member: 60822"] Hence the reason they retire. No wife or kids to support. Some of us have responsibilities. Additionally, my pension will pay $2,400 more per month at age 62 than at 55. Not all pensions work the same. My plan is to have $1.1 million in my 401k and wife's IRA, $6,000 per month pension, $3,900 in SS, owning a house outright. If I only had $200,000 in my 401K, a red zone pension and SS based on $75,000 income at age 57 I would not count on caviar. You would have to plan for 30+ years of life after retirement. [/QUOTE]
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Once again being made to help another driver
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