Quote:
Originally posted by Groesbeck Hurricane
And yes, the retirement income is significant enough to worry about and includes medical benefits after 65.
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Little input on this.....
In NW Indiana where I grew up, there were many steel mills. These were blue collar jobs, but they offered medical benefits after 65. People retired, everything was beautiful. Then they started closing, and one in particular, J&L Steel, went bankrupt and somehow got out of this obligation (pensions as well). So, all these old people (they worked at a time when things like 401K didn't exist, and the company provided pension upon retirement as a benefit of employment) lost their pensions, healthcare and were pretty much left cold.
Anyone today should be wise enough to not rely on such things, but back then, that's how it was. You got into a steel mill and you were "set for life." Was like that for decades and decades.
My point, healthcare after 65 is AWESOME by today's standards, but even that's not truly guaranteed.