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Your Government Pension Needs An Egg In Another Basket
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Your Government Pension Needs An Egg In Another Basket

The thought of your pension once retired probably gave you a warm and fuzzy feeling when you began your career as a government employee. You probably did some number crunching with your calculator looked at minimum age requirements, percentage of payouts, and even your personal obligations to be paid toward your pension fund every pay period. In many cases, your salary may not have had as high of a starting point or top end ceiling as some comparable jobs in the private sector. However, the trade off for less pay but long term security with pension paychecks during your retirement years puts the choice for government work into a better perspective. That is if your government actually agrees to hold up their end of the bargain when its time for them to make their contributions. Those who felt good about their pensions to come and put all of their eggs in one basket might be wishing they didn't trust their government to make those promised contributions.

Government pensions are underfunded in the Trillions of dollars and I don't think there is going to be an easy answer that gives government employees that warm and fuzzy feeling they once had when they began their careers. The reality is there is a severe pension crisis in just about every state and most states are scaling back pension benefits including increasing employee contributions, raising the age for retirement eligibility, or other changes.

Some government employees put some of their earnings into a thrift savings plan, deferred compensation plan, or other savings vehicle in order to diversify their investments and boost overall financial security. Unfortunately, most of these investment options are largely dependent on the stock market and they have watched their investments take an unpredictable roller coaster ride. If you are one of these government employees or retirees and you don't feel nearly as good about your financial security as you did years ago then I suggest you put an egg in another basket.

Our nations economy and the world economy is changing very rapidly and will not support those who count on a government pension to provide financial security to them and their families. Internet marketing is one of the fastest ways to provide additional income to anyone willing to learn about new creative passive income streams. Creating additional income from part time work on your computer will quickly make you realize that this is one of the best ways to supplement your government salary or pension and give you additional financial security if your government wages or pension takes a sudden hit.

Learn as much as you can about your government pension and how you can educate yourself on how to use internet marketing to give you additional income which can eventually replace your government salary or pension.


Street Talk

Great site Jay. I have to launch my own for this. I have it attached to another site right now., but it is not the way I want it. Keep up the good work!

Reply
  about 1 decade ago

Thanks so much Shawn! I appreciate your reads, comments, and your well written articles

Reply
  about 1 decade ago

Yes Rob, if only you, me, and so many other knew then what we know now. I don't have a crystal ball but I do know that government pensions are nothing more than a government promise. A promise that won't be kept like so many other government promises. It is unfortunate but a reality for so many people. Thanks for commenting. Also, good look on writing your manuals!

Reply
  about 1 decade ago

Oh how we all planned the days of retirement what sounded so rosie back then has to turn to a reality now. If I only knew back then what I know now how different my whole life might have been. Do I regret what I've done? No, but I might have changed a few things along the way.

Reply
  about 1 decade ago
AJ  

Putting your financial stability in someone else's hands, especially a government's hands is very risky. Given today's turbulent world economy, I hope many heed your advice and start Plan B. Internet Marketing is a fantastic Plan B and Wealthy Affiliate University has taught me what I need to know to be successful online.

Reply
  about 1 decade ago

Thanks AJ, I truly do hope that many government employees begin learning internet marketing in order to start earning another source of income that can quickly become significant earnings. In just a few years there is going to be massive change that doesn't seem fair to so many people. Lot's of government workers are going to be upset when their salaries and pensions are decreased

Reply
  about 1 decade ago
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