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No kidding, at a 4% safe withdrawal rate, that's the same as a $2+ million nest egg. That said, I think he's concerned that, given GE's trajectory, the pension
by tspike 9y ago
No kidding, at a 4% safe withdrawal rate, that's the same as a $2+ million nest egg.
That said, I think he's concerned that, given GE's trajectory, the pension will evaporate. What then?
- gascan 9y agoIt's already only about 70% funded, per the article.
- trimbo 9y agoIn dollar amounts: > GE’s pension obligations, nearly $100 billion at the end of 2017, are underfunded by almost $30 billion. Yikes.
- francisofascii 9y agoHe might look into buying pension insurance.