Quote:
Originally Posted by gacook
I work for the Feds (Department of Defense). When I retire in 20 years(around 58-ish), I will have 40 years of service invested into them (I "bought" back my Army time to give me an extra 10 years). This will give me a pension that is roughly 50% of my highest 3-year pay window, so I'll be expecting somewhere in the $60-75k/year range once I retire.
On top of that, I've been investing in our version of a 401k (the TSP, as previously mentioned by someone else), and that does fairly well, so I'll have a pretty nice nest egg there, as well.
I don't believe SS will be around when I retire, so it doesn't exist in my retirement plan. IF it does exist at that point, it'll just be a slight bonus.
I really have no worries about retirement...
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You have a good plan. High income job that you like, (that hopefully never goes away), with locked-in benefits. Stuff will be expensive in the future.
I'm thinking of investing in small town RE in the PNW or other attractive retirement places in the future. The sunbelt will be unlivable. It is now, IMO.
