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My question is, at what point is a pension not worth it? I like the security of it, but as the wage gap increases, I wonder if I could just make my own investments with the extra money from a higher salary.

There are a couple of other things possibly more important for you to weigh.

How secure is that pension, and what are its provisions? Government pensions are subject to the whims of the politicians in office when the benefits are being paid unless they're buying a third-party annuity during your working years. Along the same line, what about inflation? When my mother turned 65 the state of Kansas sill had mandatory retirement at that age. (It's since been outlawed for most occupations at the Federal level.) In the last couple of years before her death at 89 her pension wasn't enough to pay her health insurance premium.

Are you also paying into Social Security? If not, your SS benefit could be reduced by the Windfall provision. If that applies you can read up on that at

Rule Your Retirement Home Fool
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