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re: When do you value pension benefit vs pay?

Posted on 1/14/24 at 2:54 pm to
Posted by makersmark1
earth
Member since Oct 2011
16047 posts
Posted on 1/14/24 at 2:54 pm to
I have military retirement.
I have a 403b and a 457.
I have a SEP for my side hustle.
I also will get a state pension.

So mine is a mix of defined contribution and defined benefit plans.

I’ll probably live on my SS, military retirement, and state pension.

I look at the other accounts as there if I need them, or the opportunity to leave a legacy to my family.
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
49152 posts
Posted on 1/14/24 at 3:35 pm to
Good stuff. Thanks
Posted by Drizzt
Cimmeria
Member since Aug 2013
12971 posts
Posted on 1/15/24 at 8:41 am to
I look at my pension as a low risk component of my retirement plan akin to bonds. It allows me to put the rest of my retirement funds 100% into stocks. As I get older, I’m not going to do the traditional switch to a higher percentage of bonds because my pension already serves that purpose. This allows for greater growth in my retirement portfolio as I can manage the risk with my pension.
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