Do I stick around for a pension? I’m currently employed by my state’s government. I’ve worked here for 9 years, and am eligible for a pension once I’ve put in 10 years. (Assuming my salary stays the same and I quit at year 10, that would give me about $600/mo when I retire.) I currently make $72k as a project manager, a role I’ve held for nearly 5 years. During this time, I ha…

Pension when a company goes under. So, forgive me. It’s not mine, and I don’t understand a lot of financial stuff. My dad is retired from a trucking company that sold to another trucking company and that company has filed for bankruptcy. Will this affect his pension at all? He’s not very computer savvy, but used to have me check the stock prices all the time. I’d assume he was …

Where should I be saving after Roth IRA and teacher pension? Hello, I am a 24 year old public school teacher in NJ, making a base salary of $60k. With extracurriculars and side gigs, my total income per year comes to about $74k. I max out a Vanguard Roth IRA ($6500), and 7.5% of my base salary is put into my pension (NJ TPAF mandatory contribution, about $4k). These contributions total to about $11k, whic…

What’s a pension worth? I am debating on looking for another job. If I am making a little over $100k a year, what kind of salary would make it worth switching jobs and how much weight would you put on that pension? I feel like the pension is definitely the golden handcuffs keeping me at this job, even though I’m not unhappy. I’m very hesitant even looking because of th…

27yo with Pension??? 27yrs old as the caption says, I work in a career that has a track record of an excellent pension system through the state. Currently 10% of monthly income goes into it (standard. I can’t change this) and my employer more than doubles that contribution monthly On top of this, I have a 457b Plan (Tax-Deffered) with a 5% Match. I started 5 years a…

Pension now or later My wife’s who’s 59 job was discontinued. She’s entitled to a pension of $800 a month when she turns 65. But she can take pension now with a 30% reduction which would be $560 a month. Are we better waiting or taking now thanks! submitted by /u/macher52

How do you budget for retirement with a pension? Hey all, I am guaranteed 70% of an average of my 3 highest years of pay when I turn 50. I contribute a little over 7% to this pension. It’s a state pension. I also contribute the usual 6% ish to social security as well as 4% to a 457b and the city I work for contributes 6%. So in total, including my city match, 23% of my pay goes to retirement…