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Brown Cafe UPS Forum
UPS Retirement Topics
Buddy retired 5 years after his retirement date.
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<blockquote data-quote="35years" data-source="post: 4080730" data-attributes="member: 60822"><p>Lets see in those 5 years... </p><p></p><p>-He made 50k more each of those years as compared to his pension = $250k ahead + appreciation.... If he put that excess ($4166 a month) in his 401k at 9% average return over the last 5 years = $316,573 ahead</p><p></p><p>-He saved $500 a month not paying for his own healthcare = $30k ahead</p><p></p><p>- He increased his average earnings for calculating his Social Security benifits... He knocked his early low earning years out and replaced them with his highest earning years gaining him an extra $800 a month extra to begin, and this benifit is indexed for inflation ($1675 more per month after 25 years at 3% inflation) so if he collects for 25 years....$371,000 extra</p><p></p><p>His pension monthy benifit increased $500 to $1000 a month for the rest of his life..25 years= $150k to $300k</p><p><strong></strong></p><p><strong>So for working 5 extra years he will have about $867,000 to 1 million + extra for retirement</strong>.</p><p></p><p>I think he did well.</p></blockquote><p></p>
[QUOTE="35years, post: 4080730, member: 60822"] Lets see in those 5 years... -He made 50k more each of those years as compared to his pension = $250k ahead + appreciation.... If he put that excess ($4166 a month) in his 401k at 9% average return over the last 5 years = $316,573 ahead -He saved $500 a month not paying for his own healthcare = $30k ahead - He increased his average earnings for calculating his Social Security benifits... He knocked his early low earning years out and replaced them with his highest earning years gaining him an extra $800 a month extra to begin, and this benifit is indexed for inflation ($1675 more per month after 25 years at 3% inflation) so if he collects for 25 years....$371,000 extra His pension monthy benifit increased $500 to $1000 a month for the rest of his life..25 years= $150k to $300k [B] So for working 5 extra years he will have about $867,000 to 1 million + extra for retirement[/B]. I think he did well. [/QUOTE]
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UPS Retirement Topics
Buddy retired 5 years after his retirement date.
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