Seems like people retiring with pensions are ever so rare than out forefathers. Would you want to work a job that knowing there would be money set aside for when you retire? Or would you rather take the money used for your pension and spend it today? I work a job now, and I have so for about $1000.00 worth if I were to retire now. I'm thinking when I reach 60 years I will have about $5,000.00 - $6,000.00 a month.
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Not if it is a Union job.
NO, give me all my money... I'll buy and income producing property while I am working
with 1500. to 3500 monthly Rent coming in. And do that every 7 years so at 30 years or
55-58 there is 1.5- 2 million Sale worthy assets with 6,000-8,000 monthly income.
Pensions are common in the UK although many are stocks and shares savings accounts rather than traditional pensions managed by a faceless pension company. After a certain age you can take a chunk of you want or keep it invested and live off the proceeds.
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