Dave Ramsey
Region: US
Friday 05 June 2026 14:20:00 GMT
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mike :
If she’s a teacher her pension is probably a defined benefit plan right? Who cares about what the plan is invested in, the payout formula is likely based on years of service
2026-06-05 15:02:23
114
user845782134 :
He doesnt know what he is talking about here. Teachers pensions are solid.
2026-06-06 00:49:42
18
Mimzi :
My pension is a defined benefit based on years of service.
2026-06-05 21:09:23
12
Jeff :
I think it should be thought of as a bond fund that is worth about the net present value of the pension payments you will get. In other words, if you are going to have a $100k/year pension, I’d think of it as say a $1.5 million bond fund.
2026-06-06 16:22:05
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Fubar Philly :
The return on my PA pension is awesome.
2026-06-05 21:26:40
7
Hurley1982 :
Wife and I both have pensions. We’re currently investing 48% of our take home pay beyond the pension contributions. Retiring at 51.
2026-06-07 21:41:43
5
jodaboy456 :
Wow, none of this matters, it’s a pension and a defined benefit plan!
2026-06-06 15:54:02
5
tylerabroad :
As a teacher, I make sure to max out my Roth. The pension is only about 60% of our top five years in NC. That ain’t much. I’m retiring at 52-55 with as much invested as possible and debt free.
2026-06-06 04:52:48
6
Redbeard :
Act 60 in PR is what everyone needs
2026-06-06 14:21:01
5
ronicorrick_web3_finance :
Pensions can be a great foundation, but I think it’s smart not to rely on them alone. Having separate investments—whether through a retirement account, index funds, or other long-term investments—can provide more control, diversification, and potentially higher returns over time.
2026-06-07 20:09:50
6
JLsbackup :
I have a teacher pension, I don’t care very much about the rate of return on the investments unless the state goes bankrupt.
2026-06-05 22:10:24
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oldtoofastsmarttoate :
Everyday, I am grateful I was a member NYSUT.
2026-06-06 03:15:15
7
Jason :
This is a little misleading bc pensions are just guaranteed percentages of your highest earning. Years
2026-06-07 16:42:56
5
Cheezballs :
My wife’s pension takes out 12% and we still put 15% into a Roth deferred comp. State also puts another 15% towards the pension. I wish we could control that investment!
2026-06-05 18:39:33
6
ac234154 :
My pension is 25 percent contribution by the contractor. Non of my money contributions to it only contractorv
2026-06-07 18:32:13
6
Frontnakedchoke :
He doesn’t know what a defined benefit is?
2026-06-07 18:59:33
5
MikeHoncho :
Not a non-private company pension.
2026-06-07 02:33:25
7
Cody Hawkins :
Our pension is a set amount in Ohio. When I retire, I get a percentage of my 5 highest earning years averaged together, and I get that for the rest of my life. In my district, teachers with a Master’s and 20 years experience make 110,000
2026-06-06 12:10:57
10
775WV :
D.R. has some good info and is ignorant on other things. A defined benefit is a defined benefit.
2026-06-05 19:25:25
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🥄Snipe_Fam🏴☠️ :
plus, pension funds are dissolved all the time because of mismanagement of funds.
2026-06-05 15:29:59
12
gfr2331 :
But what do you recommend to those with 401k’s so that they can get the same guaranteed income every month until they pass like pensions offer? An annuity or 4% withdrawal per year?
2026-06-05 18:46:40
8
trichhardway :
In Ohio it's. a Mandatory 14% contribution for teachers
2026-06-05 19:08:12
12
Jason :
Rice and beans. Beans and rice.
2026-06-05 20:10:41
5
Retired Special Ed Teacher :
This doesn’t make sense. I just retired as a teacher in California with 35 years at 62. I will get 84% of my highest salary. I put in over 10% each month
2026-06-05 19:28:36
17
funnycat2000 :
People don’t understand that teachers have to pay for their pensions. I pay $1300 a month towards it.
2026-06-05 19:15:00
15
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