Comments on: Questions You MUST Ask If You Have A Pension!

By: @mcsephoenix

@mcsephoenix — Tue, 05 Mar 2024 14:12:10 +0000

In reply to @roburb73. @@dustindodge5974 FERS gets the first 3% is matched dollar-for-dollar, the next 2% is matched at 50 cents on the dollar. So essentially 4% match as long as you are contributing enough to get the match.

By: @Netm8kr

@Netm8kr — Tue, 05 Mar 2024 14:03:05 +0000

I’m retiring in ’25. I’m 52. I just reached my (+2) of a (+3) year plan. So that I can take a 3 year PLOP when I retire. I reached the full retirement requirements at age 50 with (30 yrs) service. The PLOP will also help bridge the gap between my full SS age (67) waiting period. Definitely doing a (100%) survivor for my wife. It’s good to see that I’m on track with my strategy. Keep up the great vids. Peace…Net

By: @Jazzwealth

@Jazzwealth — Tue, 05 Mar 2024 13:40:06 +0000

In reply to @brucesmith6868. Thank you, Bruce!

By: @steveoh1111

@steveoh1111 — Tue, 05 Mar 2024 04:29:04 +0000

In reply to @roburb73. @@dustindodge5974yes...5% match

By: @dforrest4503

@dforrest4503 — Tue, 05 Mar 2024 03:43:07 +0000

I retired early last year, but stuck around enough to get a reduced pension. I was very clear in asking the correct questions and meeting with an advisor with the pension fund beforehand. Due to their funding ratio, they enhanced the benefits just before I retired – that meant an extra $4,500/year!

By: @BubbaclubbaW

@BubbaclubbaW — Tue, 05 Mar 2024 01:38:05 +0000

Good stuff! Really like the videos with pension information. One thing I have stuggled with was calculating the value of the penion, if it should be added to a net worth statement or just considered cash flow, and if I should account for it in my savings rate for retirement?

By: @edhcb9359

@edhcb9359 — Tue, 05 Mar 2024 01:36:56 +0000

In reply to @roburb73. @@dustindodge5974 Yes, it’s 1 percent. But for example my wife’s public pension is 2.5% pension for every year worked and 3% match on TSP.

By: @dustindodge5974

@dustindodge5974 — Tue, 05 Mar 2024 01:32:51 +0000

In reply to @roburb73. @@edhcb9359do FERS get a TSP match now?

By: @edhcb9359

@edhcb9359 — Tue, 05 Mar 2024 01:04:42 +0000

In reply to @roburb73. FERS really is weak compared to almost all public sector pensions. Never understood why.

By: @brucesmith6868

@brucesmith6868 — Tue, 05 Mar 2024 00:52:43 +0000

Great advice thanks Eric