Biden’s $417K/year pension is historically big, more than his presidential salary. Maximize your retirement income

Former U.S. president Joe Biden began his Washington, D.C. vocation arsenic 1 of the slightest affluent politicians and ended it with the highest pension successful POTUS history. And that’s nary malarky.

Demian Brady (1), vice-president of the National Taxpayers Union Foundation (NTUF), told the New York Post that the 83-year-old’s pension is $417,000 a twelvemonth — an “historically unusual” magnitude outpacing the U.S. statesmanlike wage of $400,000 (1).

“Biden is making much successful status than the existent president gets (in a salary),” Brady told the Post. “It’s a precise unsocial situation.”

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According to the NTUF, erstwhile presidents besides person beingness “allowances” for post-presidential bureau spaces and staff, bureau supplies and wellness and question coverage. (2)

The General Services Administration (GSA), which handles the budgets for erstwhile presidents, has already allocated the pursuing allowances for 2026 (3):

• Joe Biden: $1.6 million

• Bill Clinton and George W. Bush: $1.3 cardinal each

• Barack Obama: $1.2 million

While critics similar Brady judge the authorities pension strategy is “ripe for reform” owed to its outgo to taxpayers, Biden’s monolithic pension is an objection to the regularisation resulting from the aggregate hats he’s worn implicit the years.

In fact, the $417,000 full is technically 2 pensions combined:

• one pension for his presidency

• and different pension earned for his 8 years arsenic vice-president and four-plus decades arsenic Delaware’s senator.

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Former presidents get a pension adjacent to a furniture secretary’s wage — conscionable implicit $246,400 successful 2024. This line was established successful 1958 nether the Former Presidents Act (FPA), seemingly successful effect to ex-POTUS Harry S. Truman’s fiscal struggles upon leaving office.

Did Truman struggle? Michael J. Devine, manager of the Harry S. Truman Library and Museum, challenges that idea, penning that Truman “put a sizeable magnitude of his statesmanlike wage into savings” and owned 400 acres of Missouri farmland worthy an estimated $750,000 (4)