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Old 10-09-2018, 06:54 PM   #61
Thinks s/he gets paid by the post
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Originally Posted by imnontrad View Post
It depends on the source. Yes, with companies that may go under, companies privately owned that may be easily dissolved/sold, are not secure. And if it is a municipal or state provided pension, it depends on their fiscal stability. But if it is a federal pension or one from a large publicly traded company company (as om Lockheed Martin, Boeing, Microsoft, etc) I think it would be safe to say that a pension would be funded and most likely won't go away.
+1 on security of federal pensions. They are as (or more) secure than SS IMO; same guarantor & less likely to be fiddled with.
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I view it as an annuity
Old 10-09-2018, 08:31 PM   #62
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I view it as an annuity

My fixed pension (non-Cola adjusted) currently provides 80% of my basic living expenses at age 61 and I would need to put $1M in an annuity to get the equivalent monthly cash flow so yeah I count it as an extra million in a fixed income investment and it allows me to be more aggressive with the rest of my portfolio about 75% equities. Social security for me and my wife will kick in as well as a small pension she has at 65 so I planned it as a “ladder” with increasing cash flow until we both reach 65 and then Medicare kicks in reducing our ACA insurance outlays.
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