๐ฅ Watch the video: https://www.youtube.com/watch?v=zJO8Awhhttk
๐ฐ๐ฅ ๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐๐๐โ๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐ ๐๐
๐
๐๐๐?
๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐ ๐๐๐๐ ๐๐
๐๐๐ ๐๐๐๐๐! ๐
Everybody knows politicians collect paychecks. But what about their pensions, taxpayer-funded benefits, lifetime security, and opportunities to make millions AFTER leaving office?
๐๐๐โ๐ ๐
๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐! ๐ต
๐บ๐ธ ๐๐๐๐๐๐๐๐๐: $๐๐๐,๐๐๐ ๐๐ง๐ง๐ฎ๐๐ฅ๐ฅ๐ฒ, plus a $๐๐,๐๐๐ ๐จ๐๐๐ข๐๐ข๐๐ฅ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ ๐๐ฅ๐ฅ๐จ๐ฐ๐๐ง๐๐. After leaving office, an eligible former president receives a ๐ฅ๐ข๐๐๐ญ๐ข๐ฆ๐ ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง tied to Cabinet secretary payโapproximately $๐๐๐,๐๐๐ ๐๐ง๐ง๐ฎ๐๐ฅ๐ฅ๐ฒ!
Add ๐ฅ๐ข๐๐๐ญ๐ข๐ฆ๐ ๐๐๐๐ซ๐๐ญ ๐๐๐ซ๐ฏ๐ข๐๐ ๐ฉ๐ซ๐จ๐ญ๐๐๐ญ๐ข๐จ๐ง, federally funded office space, staff, and certain expenses. ๐๐จ ๐ ๐๐ง๐๐ซ๐๐ฅ ๐๐๐ฉ ๐จ๐ง ๐ฉ๐จ๐ฌ๐ญ-๐ฉ๐ซ๐๐ฌ๐ข๐๐๐ง๐๐ฒ ๐๐๐ซ๐ง๐ข๐ง๐ ๐ฌ!
๐บ๐ธ ๐๐๐๐ ๐๐๐๐๐๐๐๐๐: $๐๐๐,๐๐๐ in payable annual salary. Surprisingly, ๐๐ ๐๐ฎ๐ญ๐จ๐ฆ๐๐ญ๐ข๐ ๐ฅ๐ข๐๐๐ญ๐ข๐ฆ๐ ๐๐ ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง! Retirement benefits depend on qualifying federal service.
๐๏ธ ๐๐๐๐๐๐๐๐: $๐๐๐,๐๐๐ ๐๐ง๐ง๐ฎ๐๐ฅ๐ฅ๐ฒ. Members generally vest in federal pensions after ๐๐ข๐ฏ๐ ๐ฒ๐๐๐ซ๐ฌ, but collection depends on retirement eligibility.
A newer member serving 20 years at a $174,000 high-three average could receive approximately $๐๐,๐๐๐ ๐๐ง๐ง๐ฎ๐๐ฅ๐ฅ๐ฒ ๐๐จ๐ซ ๐ฅ๐ข๐๐!
Members also participate in Social Security and federal retirement savings programs.
๐๏ธ ๐๐๐๐๐๐๐๐๐: ๐๐๐ฅ๐๐ซ๐ข๐๐ฌ ๐ฏ๐๐ซ๐ฒ ๐๐ซ๐๐ฆ๐๐ญ๐ข๐๐๐ฅ๐ฅ๐ฒ ๐๐ฒ ๐ฌ๐ญ๐๐ญ๐. Pension eligibility depends on state retirement rules.
๐๏ธ MAYORS: Some earn modest stipends. Others collect ๐ฌ๐ข๐ฑ-๐๐ข๐ ๐ฎ๐ซ๐ ๐ฌ๐๐ฅ๐๐ซ๐ข๐๐ฌ. Retirement benefits vary by municipality.
๐ฐ ๐๐๐๐โ๐ ๐๐๐ ๐๐๐๐๐๐!
Former officials can potentially ๐๐จ๐ฅ๐ฅ๐๐๐ญ ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง๐ฌ ๐ฐ๐ก๐ข๐ฅ๐ ๐๐๐ซ๐ง๐ข๐ง๐ ๐ฌ๐ฎ๐๐ฌ๐ญ๐๐ง๐ญ๐ข๐๐ฅ ๐ข๐ง๐๐จ๐ฆ๐ ๐๐ซ๐จ๐ฆ ๐ฌ๐ฉ๐๐๐ค๐ข๐ง๐ , ๐๐จ๐จ๐ค๐ฌ, ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐ฏ๐๐ง๐ญ๐ฎ๐ซ๐๐ฌโsubject to applicable restrictions.
Meanwhile, millions of Americans are struggling to save enough to retire!
Iโm not against politicians being fairly compensated.
๐๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐
๐๐๐ ๐๐๐๐ ๐ ๐๐๐๐๐๐๐๐๐ ๐
๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐? ๐ค
๐๐๐๐๐ ๐๐๐๐๐๐: ๐๐จ๐๐จ๐๐ฒ ๐ข๐ฌ ๐๐จ๐ฆ๐ข๐ง๐ ๐ญ๐จ ๐๐ฎ๐ข๐ฅ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ซ๐๐ญ๐ข๐ซ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ซ ๐ฒ๐จ๐ฎ. ๐๐๐ฏ๐ ๐๐จ๐ง๐ฌ๐ข๐ฌ๐ญ๐๐ง๐ญ๐ฅ๐ฒ. ๐๐ง๐ฏ๐๐ฌ๐ญ ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐๐ฅ๐ฅ๐ฒ. ๐๐ฎ๐ข๐ฅ๐ ๐๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐ข๐ง๐๐๐ฉ๐๐ง๐๐๐ง๐๐!
๐๐ก๐ ๐๐๐ซ๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ: ๐
๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐๐๐ฏ๐ข๐๐ ๐๐จ๐ฎ ๐๐๐ง ๐๐๐ง๐ค ๐๐ง!
โ๐พ Damon Carr, Financial Planner, Money Coach, Tax Pro & Real Talk Specialist.
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