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State Retirement

Discussion in 'Money & Finance Forum' started by Johnny Rebel, May 19, 2008.

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  1. May 22, 2008 at 10:53 AM #11
    Johnny Rebel

    Johnny Rebel BBBD

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    I do the same thing, but I add $125, plus I put in about $75 into an annuity. I just started the annuity, but I'm thinking of dropping it because I'm not sure if its a great place to invest.
     
  2. May 22, 2008 at 11:52 AM #12
    Village Idiot

    Village Idiot cloud of dust

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    i have 2.5 years left at this job until i can retire with full benefits from the state as well as my local government benefit of medical coverage on me until i hit medicare age. i am 49 now. i plan on working for myself and making as much as i can while i am able. add to it my 401k, money market, and maybe ss, we should be set. but one never knows where tomorrow will take us.

    we (NC) have one of the best state retirement plans in the nation. i started young and stuck it out. some of my peers did not. now they're left to continue chasing dollars as they also face their 50's and beyond. i'm not rich but i think we did ok. hang with it.
     
  3. May 22, 2008 at 9:05 PM #13
    Thelt

    Thelt Full Access Member

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    I started in the retirement system at age 32. I have almost five years in now. If I make it 30 years I will be 62 when I retire. I should be in good shape financially by then.

    I am not putting more away now because I have some debt I need to take care of. Hopefully in four or five years I will be out of debt and can up my retirement savings.
     
  4. Jun 26, 2008 at 11:49 PM #14
    marlinfan1

    marlinfan1 Full Access Member

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    You can thank the Bailey/Godwin civil suit....

    ....the largest in NC history for calling out improper taxing on retirement gigs. Judge Bailey, my father-in-law, and Judge Godwin, tipped me $5 bucks when I was 12 as the paper boy, both now deceased, saved state employees huge bucks.
     
  5. Jun 26, 2008 at 11:53 PM #15
    Freakshow

    Freakshow Fuck you guys.

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    Get out of the fucking annuity. They're rips. HUGE fees your paying out of every $75 you give them. Fuck that annuity in its ass...no lube.
     
  6. Jun 27, 2008 at 11:41 AM #16
    gridfaniker

    gridfaniker Loathsome

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    I'm cleaning out my pension and savings and going to the Indian casino this weekend with hopes of doubling my cash on the slot machines. wish me luck
     
  7. Jun 27, 2008 at 3:23 PM #17
    tharan000

    tharan000 Full Access Member

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    This coming from a winger = hypocrisy.
     
  8. Jul 18, 2008 at 10:26 AM #18
    Thelt

    Thelt Full Access Member

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    Not not really. I pay into the state retirement plan so it is not a hand out it is a return on my investment. Social security is the same way except I will never get a good return on my money from it. I would much rather be able to put that money in a retirement account that I own.
     
  9. Jul 21, 2008 at 2:51 PM #19
    Johnny Rebel

    Johnny Rebel BBBD

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    THe company I'm with SAYS there are no fees. They guarantee no loss of money too. Whether or not that is true is what worries me.
     
  10. Jul 21, 2008 at 2:55 PM #20
    VA49er

    VA49er Full Access Member

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    How do they make money?

    If it sounds to good to be true..............................
     
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