LateToFIRE
Thinks s/he gets paid by the post
- Joined
- Jun 4, 2023
- Messages
- 1,171
My in-laws retired from MegaCorp careers with the trifecta of COLA'd DB pensions, vested company stock acquired at a discount, and significant t-401K (Roth did not exist during their working years); plus no mortgage on home and vacation condo. Between SS and pension they did not even need to ever touch the nest-egg. They had a VERY nice retirement. Difficult to replicate these days owing to scarcity of MegaCorp DB plans.
In my MegaCorp sector, DB plans were largely scrapped decades ago. I have a very small one coming my way at age 65. So ret will have to be largely funded by savings - not much choice in the matter.
In my MegaCorp sector, DB plans were largely scrapped decades ago. I have a very small one coming my way at age 65. So ret will have to be largely funded by savings - not much choice in the matter.