Spiky Bugger
Well-Known Member
- Joined
- Jan 5, 2014
- Messages
- 6,309
About seven years ago, she bit the bullet, left her fun job hanging with Presidents and movie stars and took a pay cut to get a different kind of job because she saw that her parents…while middle class but certainly not wealthy…were able to make ends meet in retirement because of their “Defined Benefit Retirement Plans,” the kind with COLA increases. (And she saw other folks our ages scrambling to shuffle assets around and keep their fingers crossed.)
She’s had several, and today she got yet another promotion. She’s already making about twice her entry level pay. This promotion…if she never takes another position after this…will top out (in a few years) at close to TRIPLE her entry level wage. She now earns more than I ever did (that makes mamas proud) and is moving in on her dad’s earning history.
I think she CAN retire in 12 years, but will earn a lot more if she goes for 17 more. But it is comforting to me to know that if MrSue and I keel over tomorrow, between what she is earning and will have in retirement…plus the always-falling-apart Cracker Jack Box house (my mother used that term) we’re leaving her and the rolls of pennies in that drawer, she PROBABLY won’t be eating cat food. That’s something I worry about because she’s a single, only child with no children. IOW, mostly alone. And even a Cracker Jack Box hovel, rolls of pennies and a modest retirement check are reassuring.
She’s had several, and today she got yet another promotion. She’s already making about twice her entry level pay. This promotion…if she never takes another position after this…will top out (in a few years) at close to TRIPLE her entry level wage. She now earns more than I ever did (that makes mamas proud) and is moving in on her dad’s earning history.
I think she CAN retire in 12 years, but will earn a lot more if she goes for 17 more. But it is comforting to me to know that if MrSue and I keel over tomorrow, between what she is earning and will have in retirement…plus the always-falling-apart Cracker Jack Box house (my mother used that term) we’re leaving her and the rolls of pennies in that drawer, she PROBABLY won’t be eating cat food. That’s something I worry about because she’s a single, only child with no children. IOW, mostly alone. And even a Cracker Jack Box hovel, rolls of pennies and a modest retirement check are reassuring.