
Originally Posted by
DamnJolene
My vanilla job pays 30K a year, but pays housing/medical/free stuff/food, comes out to be about 40K a year. I think I'm low-middle class. The job has a retirement plan, and I knew it was great for a while, and I probably put in 18K into it in the past 3 years (I am 24). It pays 5%-8% per year, and it's compounding, don't know the math, but website calculator it comes up in over 400k now at 60 on what I put in right now. This is without touching ROTH IRA. It's the years that matters.
Like my job, but they are not the only one offering retirement, but they offer the best pension plan by my 40s if I quit it (other places pay 50k-60k for what I do, and I might not get hired for 6 months to 1 year). I don't want to shoot myself in the foot by going to another career, because of the pension plan. And my job is easy, I see my mother suffering with a hard job, and I am just "oh I work hard (half the time on facebook)."
I know how lucky and "unlucky" I am, since I see others who make 50-70-100k, doing the bare minimum all day. And others who work like a dog and make minimum wage. If you were me, would you get another job (risking the pension plan, and loss income from waiting), go to school full time (knowing you have no legit income coming in for 2 years)???
Or just stay at the current job, and invest 20K per yr... so you know your money will be worth it in 30-some years...and do college part time on the side, and stay with the same business in hopes of a pension?
Bookmarks