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<blockquote data-quote="DDD" data-source="post: 537708" data-attributes="member: 35"><p>This is not my area of expertise (disclaimer, lol) but my brother in law retired from the FBI and the gov't acutally reduced his SS benefits (although he had years in the public sector) which altered his retirement benefits. My easy child son is 2.5 years away from State gov't retirement and somehow the State altered their method of computation too. </p><p></p><p>I remember growing up "getting" that working for the Gov't or the Union would guarantee your retirement. Hmm. Now I wonder if anyone can truly rely on specific amounts. on the other hand preplanning is important. by the way, my area of expertise is real estate. Our only true assets are our business and our home. Yikes! The market has tanked. We can not convert those assets into retirement income now. Whine. Sigh. It was a great idea some years ago. LOL. DDD</p></blockquote><p></p>
[QUOTE="DDD, post: 537708, member: 35"] This is not my area of expertise (disclaimer, lol) but my brother in law retired from the FBI and the gov't acutally reduced his SS benefits (although he had years in the public sector) which altered his retirement benefits. My easy child son is 2.5 years away from State gov't retirement and somehow the State altered their method of computation too. I remember growing up "getting" that working for the Gov't or the Union would guarantee your retirement. Hmm. Now I wonder if anyone can truly rely on specific amounts. on the other hand preplanning is important. by the way, my area of expertise is real estate. Our only true assets are our business and our home. Yikes! The market has tanked. We can not convert those assets into retirement income now. Whine. Sigh. It was a great idea some years ago. LOL. DDD [/QUOTE]
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