General Discussion
In reply to the discussion: CNN layoffs [View all]yeoman6987
(14,449 posts)I want to retire too and thinking seriously about it. I retired from the Navy after 24 years and so I have a relatively modest pension (retired as an E-7 so 2260 a month, plus a VA disability (1041 a month). I currently work for the federal government (monthly take home 2100) just going over 2 years. I am turning 45 in May. My problem is that I am so frightened that they are going to change the COLAs and eventually cut the pension and even the VA rating .I can see them doing that in the future to save money. A teacher's pension is decent and glad your wife has that, but with situations like Detroit and Chicago wanting to drop the pensions from people who ALREADY have it scares the crap out of me. I know they ended up not being able to thanks to the courts, but how long will that last? If it was not for fear of the future of this country, I would retire this Summer fully. Oh if I did retire, I couldn't stay in Maryland so I would move to Florida .no state taxes and relatively cheap housing (especially compared to Maryland).