“I think I see where you’re coming from, but not in full agreement about the $1M premise.”
I just posted the numbers for you. You can argue either way, but you are substantially on your way to $1M if not over it.
Again, I do not know what the answer is. But there is no argument over the basic premise - even if you vary the assumptions either way (higher interest will reduce the amount, COLA’s will increase the amount, medical inflation will increase the amount)
I think that the political will to do anything is non-existent - so your benefits will be eroded slowly, or quickly, until they are no longer what you expected them to be.
Ok, thanks.
We’re talking lifetime with a lot of assumptions (reasonable).
But one of the main points is that the military retirees are being singled out here by this administration. Note that they aren’t going after the civil service or other gov’t folks.
I harbor little hope (lord I have come to loathe that word) about what my future or our son’s future holds any longer. SS, military retirement, etc. I’m working to not have to count on them.