Quote:
Originally Posted by Slava
Yeah, and it depends on your situation, but I was in no position to save $20k/year at age 25. I didn't make enough money even to consider that.
There's no question that forced savings and compound interest are why those pensions are good. That's not unique to teachers; many DB plans have those factors working for you.
|
Not to mention the absolute and complete elimination of risk. If you didn't make returns on that money because everything you invested in was stomped on by Godzilla...someone is still legally obligated to pay you.
__________________
The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
The World Ends when you're dead. Until then, you've got more punishment in store. - Flames Fans
If you thought this season would have a happy ending, you haven't been paying attention.
|