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re: When do you value pension benefit vs pay?
Posted on 1/14/24 at 10:35 am to HailToTheChiz
Posted on 1/14/24 at 10:35 am to HailToTheChiz
I have a state pension in my current state where I’ll get half my salary for perpetuity after 25 years. I was 10 years in and had a job offer in Louisiana that had a 401k. I turned it down based on my pension being a better retirement plan and Louisiana having a higher income tax. I would make more money on paper but not worth the hassle of moving when everything was considered, especially the pension.
1
Posted on 1/14/24 at 2:00 pm to Drizzt
quote:
I have a state pension in my current state where I’ll get half my salary for perpetuity after 25 years. I was 10 years in and had a job offer in Louisiana that had a 401k. I turned it down based on my pension being a better retirement plan and Louisiana having a higher income tax. I would make more money on paper but not worth the hassle of moving when everything was considered, especially the pension.
But the food alone might make it worth taking that job in Louisiana
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