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Retirement
Don't rely on expected government pension to pay for retirement
Don't rely on expected government pension to pay for retirement

Dear Liz: My husband works for the government and will be receiving a pension when he retires. Am I still supposed to save the recommended amount for retirement from my income or can that amount be reduced since we know we have the pension? We are starting a family and could use any extra money we can get right now. Answer: If your husband is just a few years away from collecting that pension, counting on it to be there is reasonable. Since you're just starting a family, though, it's much more likely that retirement is decades away, and a lot can happen in that time. Your husband could be laid off or fired, or he could quit. Even if he sticks it out, the government could change...

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