The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/sounds-like-most-state-of-florida-employees-30498011.aspx

Subject:  Re: Retirement savings benchmark Date:  1/21/2013  7:22 PM
Author:  ferjen Number:  71278 of 78168

Sounds like most State of Florida employees should be looking for other jobs. Seriously, if one is not happy with both their current compensation and their potential future pension compensation, then they should be looking for a job that provides them with the compensation they would be happy with.

Of course, as someone who has always been employed by the private sector, and whose entire pension income in retirement will be about $200/month (also with no COLA), and whose SS is just as likely to be greatly reduced from current levels, I look at funding retirement from:

$2000/mo pension (before adjustments, no COLA) plus greatly reduced SS plus income from personal retirement savings

vs.

$200/mo pension (before adjustments, no COLA