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Author: 99lashes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1977346  
Subject: Re: Is $250,000 rich? Date: 11/15/2012 11:30 AM
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If you are a teacher, however... your 75 thousand (pay and benefits) is extravagant and needs to be reduced.


Now let's try and be transparent here. How much of that compensation is not taxed at the time it is earned. Benefits, 401K's of various sorts,reimbursement for Continuing Ed, sabbaticals, oh my next thing you know they are below the poverty level in earned income.

When I used to work half time for my local County, 45% of my compensation was estimated by them to be separate from "salary". The pension would pay off greatly if I lived long enough to enjoy and especially so if I could retire early. Now add to that the frequency of a "disability retirement", not all that uncommon for Police, Fire and such then that retirement income is not taxed for life.

All kinds of games for all those "poor folks".

U retired now right, U 1?

99
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