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Author: DolonAltekar Three stars, 500 posts SC1 Red Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75807  
Subject: Re: State pension vs Higher salary Date: 4/18/2012 6:41 PM
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Do you want to be stuck at the Gov't agency for 25 more years? I left the government 15 years ago and haven't looked back.

I never wanted to be one of those people who is "retired in place" where they wish they could leave, but they only have a few years before they can draw their pension. My life is too short to play that waiting game.

If you love the job, that's one thing, but I think private industry is better. More risky, for sure, but better.

For me, leaving the Gov't and first going to a contracting company, and now fully private industry has been the best decision I've ever made. The pay is better, the benefits are fine, and the extra money more than pays for itself.

If your lifestyle is fine at the government salary, do what I did - don't increase your lifestyle based on the increase you get at a contractor. Invest all that money. I bet you come out ahead, and you aren't stuck in a job waiting to retire someday.

D.
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