What Should My Spouse Know Before I Retire From The Firehouse?
The pension election packet doesn’t look dramatic when it lands on the kitchen table. It usually looks like ordinary paperwork, with a few pages of estimates, a handful of boxes to check, maybe a signature line for your spouse, and a deadline that feels far enough away to ignore for another week. Inside that packet, […]
My Firefighter Pension Will Replace About 60% of My Pay. How Much Do I Actually Need Saved?
A 60% pension often seems solid until you compare it to a real household budget. Most retirement rules of thumb put needed income somewhere around 55% to 80% of current income, and T. Rowe Price uses 75% as a planning starting point for many households. So if your pension is going to replace about 60% […]