How Long Will Your Retirement Money Last?
I retired from the NYPD in 1991. Thirty-one years later the cost of living had gone up 118% and during that same time the cost of living adjustment in my pension had gone up only 12%.
That is a 106 percent difference. That means my pension, even with the COLA, purchases only 48% of what it originally did in 1991.
Do yourself a favor and explore the wonderful homes for sale here and save on purchase, property taxes, cost of living and no state income tax. Put the money you save in the bank for your future.