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Old 12-10-2022 | 09:28 AM
  #154  
Red Forman
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Joined: Jan 2008
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From: Pilot
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Originally Posted by threeighteen


If you max out your 401k with B fund contributions (60k/year) for 30 years, starting today, it is *barely* possible to replace the nominal value of a 130k pension, and that doesn't factor inflation which will have reduced the purchasing power of that 130k by well over half.

The government also has a history of threatening to reduce the amount that can be put in a 401k annually, and has also threatened to put caps on the max amount of money you can have in a 401k. Having all of your eggs in the 401k basket is more risk than having two baskets (401k + pension)
You are bad at math.
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