Bogleheads.org

Since I have and will continue to max out my Roth and start 457, I feel it is more diversified to not put all my savings under the market's mercy. My other savings can help provide a nice cushion when I retire. My biggest fear is that I don't trust whoever is running the pension, so for that I'm ho...

Thank you all so much for your time, information and suggestions. After a lot of thinking, I finally decided to switch to DB. The reasons being that it has a pretty nice disability benefits built in that I'm already qualified for, survivor benefits and a fixed income I can expect once I retire. My h...

Defined Contribution: The employer contributes 14%, employee contributes 13%, but only 9.5% of the employer contribution gets into the member's Defined Contribution account. 4.5% is being used to fund the liabilities of the defined benefits plan. Frugal , you're still missing the point , it's 14%EE...

OP don't know where you revealed that you were in the Ohio STRS as another poster seemed to be aware of but if that's the case I think you meant 14% EE and 9.5% ER , total 23.5% going into a DC account . [color=#4000FF]Yes, I'm in Ohio STRS. You're right about the percentage. I forgot to count this...

Easy for me. If there have been problems and underfunding possibilities, I would go defined contribution. Better to know it's your money than rely on something you may never get. +1. Certainly sounds like this pension plan is seriously underfunded. It's likely only a matter of time until they take ...

OP, my wife is a teacher in Ohio and she is in the STRS Ohio DB plan. I know it fairly well. With that, I want to point a few things out ... 1) The DB employee contribution is actually 14%, not 13%. It was originally 10% and then the 2012 changes increased it by 1% each year until it hit 14% at the...

bertilak wrote:Does the company provide a counselor/advisor to help make this decision?

Yes, and I have gone to them to ask questions, but found them to be not very helpful. What they shared with me is what I learned from reading the booklets.

My understanding of the disability benefits is not tied to SS. I'm not sure but I think the disability benefit is quite nice. It says "A monthly disability retirement benefit is based on a percentage (limited to 75% and no less than 30%) of a member's FAS. The percentage is determined by multip...

You can use a calculator on the social security website to estimate your SS benefits. Even better, you can create an account and see exactly what they have on record for you for SS contributions and, hence, your eventual benefit. This will eliminate one of the unknowns in your considerations. Thank...

A few other questions: - what spousal benefit is available under the DB scheme, and is it something that would be valuable? ie is your partner (if any) be in a situation where a survivor benefit would be useful (due to low income, lack of pension arrangements, ill health or unemployment, etc.) My p...

I understand this topic has been discussed in various personal scenarios. I have tried to search for them and read them carefully. My situation is a bit different and would love to get your take on this topic. I'm 44, female, at the start of my current job, I selected the defined contribution plan. ...