Subject: Re: 100% Stocks


I'm getting a bit over $50K from two small Fortune 500 pensions from jobs I left in the 80's and 90's, plus SS -- and I quit working in 1994 at age 38.

I'd be astonished if there aren't a lot of people with more than $50k in annual pension and SS income.

intercst


I'm wondering if you are one of the many older folks completely out of touch from reality and are living in a past that no longer exists.

Very few people, especially if you exclude state/federal jobs, get pensions. Somewhere around 15%. That is significantly lower than what it was 50 years ago.

Your pensions had to be very generous to provide ANY money, much less $50K a year to someone who retired at 38. The only people I know of who would get a pension at 38 would be military or police jobs that allow you to retire after 20 yrs. People often think government pensions are generous but when I left after 15 yrs and at a similar age to you, my federal pension would have been $9,000 a year. Nothing close to $50K.

You might want to go back to work at a few places and find out the new reality of life that has occurred over the 30 yrs you've been gone. It is much more difficult and often less rewarding for the vast majority of people.

Rich