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-   -   Life How does your retirement funding work? (https://www.chiefsplanet.com/BB/showthread.php?t=265518)

rageeumr 10-22-2012 04:05 PM

I put all my money into waffles.

DaKCMan AP 10-22-2012 04:43 PM

Quote:

Originally Posted by HemiEd (Post 9039343)
Pension? I am surprised by this, congrats for finding one of those in your generation.
They are pretty much non-existent for our generation.
Government job?

I got in at the end. I think new employees now either don't get it or get a smaller cut. It's not a pension in the like of an annuity, but a lump sum based upon years of service & highest average salary.

WV 10-22-2012 05:00 PM

Quote:

Originally Posted by King_Chief_Fan (Post 9038632)
I have a defined benefit plan and a defined contribution plan (401k).
Not many companies offer both any more

Same here.

Psyko Tek 10-22-2012 06:42 PM

death

Phobia 10-22-2012 07:19 PM

My family court lawyers in two states seemed to have liked my 401k retirement funds just fine. I bought one of them a 911 and one of them a boat.

KCFaninSEA 10-22-2012 08:33 PM

.I have a defind pension account fully paid for by my employer. It is a multi employer pension plan that is about 95% funded and at retirement age of 54 I could get about $5000 a month until I die. I will probably work a few years past that age and continue to build that account

GloryDayz 10-22-2012 08:37 PM

I'm married with kids therefore it's not really mine, so I don't really worry about it too much! I could have a trillion dineros and still be told if it's what I want, there's no coin for it. I hate CHunt!

Mack 10-30-2012 12:10 AM

Retirement is really being more like a tire, it is being retreaded because now you can do exactly what you were born to do. Whether that be volunteer work, owning and managing assets, travel, enjoying life, enjoying family, going on a mission trip, or all of the above

Inspector 10-30-2012 06:42 AM

My employer matched 18% of my 401k contributions for those 30+ years I worked there - rolled over to an IRA. I have a very nice pension and some dough put away. No debt and all that. I don't plan on working again but maybe I will if I get bored enough - which I won't. And yeah, my kids will never get a pension. Those are probably mostly going away for good. The company I worked for doesn't pay pensions for the younger new hires anymore. Us old farts still get it .

I thought my company was built by the stock holders / owners. I heard the other day that it wasn't.

BlackHelicopters 10-30-2012 07:06 AM

What is Social Security?

tredadda 10-30-2012 08:08 AM

Defined pension+Roth IRA+TSP+Stocks and possibily disability. I am also hoping to get some investment properties when I retire from my first job and depending on what my next employer offers, that as well.

Hog's Gone Fishin 10-30-2012 10:23 AM

20 rental properties will bring me in around $15,000 a month . They're 75% paid off and I will retire at 55. Real Estate is the best way to go ! And I can always sell sperm on the side.

And I don't have any IRA's , savings , nothing . EVERYTHING goes into paying off the rentals.

R8RFAN 10-30-2012 10:26 AM

I have a 401k + Pension + Solid income from a business venture

HonestChieffan 10-30-2012 10:59 AM

401k, pension, post retirement 2 business ventures. probably work till I want to fish, hunt, sleep, or give a shit about the Chiefs again.

MahiMike 10-30-2012 11:02 AM

I'll never trust a 401K again. I have my own self-directed IRA that I buy stocks and real estate thru. I get tax-free rental income.


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