General Discussion
In reply to the discussion: Do you have a pension? [View all]Fritz Walter
(4,309 posts)Although covered by a well-performing defined-benefit pension plan, I took-to-heart some advice I got 40+ years ago. Most people (who get in $ trouble) dont plan to fail; they fail to plan.
Started throwing $20/paycheck into an option to augment the pension. About double what I was paying for cable TV each month.
Then when it became available I contributed to a 403(b)7 fund: pre-tax defined contribution plan with no match. When they added a 401(k) plan with a match, I jumped on that.
Got a windfall a few years later, and opened an IRA.
Even though I retired 4 years ago, I havent withdrawn any of those savings. I did move the dollars from all those various buckets to Rollover IRA thanks to my Credit Unions investment advisor.
I just hope they dont go poof if/when Putin tanks our economy through his puppets.