The new middle-class retirement plan: Working into old age

JoMiran , 3 hours ago

New? The only generation that didn’t HAVE TO was the one that benefited from FDR’s socialism. Every generation, before and after, has had no true safety net.

psycho_driver , 3 hours ago

I quit my corporate middle management job a few years ago and went to work for my local municipality. I make less money but should be able to retire at 62 with about 50% of my highest three year base pay coming to me as pension. I will still qualify for full SSI benefits (provided that’s still a thing). My wife will continue to get half of my pension if I die first, and vice-versa since she’s also a city worker. I feel like we’re a lot better off now than we were before.

Delphia , 3 hours ago

People underestimate govt jobs because nobody ever got rich doing them so everyone thinks the pay is shit. Its actually pretty good, benefits are good, its really hard to get fired if you genuinely try to do the job well, and usually a pretty strong union presence.

Zorsith , 3 hours ago

The new middle-class retirement plan: Working into old age Death.

I’ve long since given up any expectation of having a retirement, beyond the token contribution to a 401k equivalent (which I fully expect to be wiped out in one fell swoop by health issues around my 50s, genetics are not on my side).