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<blockquote data-quote="Oldfart" data-source="post: 2384561" data-attributes="member: 64407"><p>Your figures are not correct. My best 5 years ended the day I enrolled into the portable. Since I had more than 25 at the time, my pension quit growing several years before that time. I believe it was 2003 or so when the portable began. My plan does receive 8%, not sure where you get 9%, my statement says otherwise. I believe my traditional is closer to 45%, not the 50% you stated. A person's pension will be a minor portion of his retirement package. The 401k will be a majority of his income. Start saving 4k a year at age 25 and get 4% return and you will have over 300k by age 60. Get 8% and over 600k is in order.</p><p></p><p>It is true most companies have switched to the cash plan, BUT only 14% of Fortune 500 companies even offer that type of plan.</p></blockquote><p></p>
[QUOTE="Oldfart, post: 2384561, member: 64407"] Your figures are not correct. My best 5 years ended the day I enrolled into the portable. Since I had more than 25 at the time, my pension quit growing several years before that time. I believe it was 2003 or so when the portable began. My plan does receive 8%, not sure where you get 9%, my statement says otherwise. I believe my traditional is closer to 45%, not the 50% you stated. A person's pension will be a minor portion of his retirement package. The 401k will be a majority of his income. Start saving 4k a year at age 25 and get 4% return and you will have over 300k by age 60. Get 8% and over 600k is in order. It is true most companies have switched to the cash plan, BUT only 14% of Fortune 500 companies even offer that type of plan. [/QUOTE]
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