Hello everyone - first time poster and newbie, so forgive me if this has been discussed before. I am an ED doc working for a large health care provider who still offers a pension. This could be fairly sizable if I stay with the company ~Gross 10k/month. I plan on retiring around age 60 - about 22 years from now. I would defer payments from the pension until age 65, as waiting yields the maximum pay out.
I know typically a tax deferred retirement plan is recommended at my current earning bracket - as my tax rate will be alot lower in retirement. However, does the presence of this potential pension give anyone pause to change the strategy and start leaning more towards a Roth 403B - which is offered by my employer as well?
I guess the key word is "potential" for me - because this pension is anything but guaranteed. Hard to plan if I would still be with the company in 20 years or if this perk will even be a reality in 20 years for the company. But I was curious if the presence of the pension would change anything for the more financially minded of the group.
Thanks so much for your thoughts.
I know typically a tax deferred retirement plan is recommended at my current earning bracket - as my tax rate will be alot lower in retirement. However, does the presence of this potential pension give anyone pause to change the strategy and start leaning more towards a Roth 403B - which is offered by my employer as well?
I guess the key word is "potential" for me - because this pension is anything but guaranteed. Hard to plan if I would still be with the company in 20 years or if this perk will even be a reality in 20 years for the company. But I was curious if the presence of the pension would change anything for the more financially minded of the group.
Thanks so much for your thoughts.
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