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UPS Retirement Topics
Has IBT/CS been a wise steward of our pension?
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<blockquote data-quote="my2cents" data-source="post: 52896"><p>Pardon the interuption, but to hopefully clarify APWA returns posted in their "Where's the Money" document on their website and in similar materials, which are distributed in APWA meetings, the numbers were crunched by adding up the total contributions made over a 30 year history and plugging these figures into the The Income Fund of America. What the APWA is saying if these contributions were invested with this mutual fund instead of Central States, one's contributions would be worth the figures the APWA supplied and if this total value were converted into an annuity, one would receive the higher projected payout per month. Furthermore, if one scrolls down on The Income Fund of America link, one can find its lifetime return, since its inception in December, 1973, to be in excess of 12%, by checking the lifetime rate of return. Additionally, if one checks out page 4 of the prospectus, one can find lifetime rates of return in comparison to the S&amp;P 500 and the Lehman Brothers Government/Credit Bond Index. An excerpt from the table is provided below:</p><p>Income Fund of America</p><p>Lehman Brothers Government/Credit Bond Index</p><p></p><p>The rate of return UPS supplied doesn't seem unrealistic either over the long haul, even though lower returns were made on a one year and/or five year basis. Using data from the prospectus shows over a ten year period, the S&amp;P 500 increased 11.06%, the Lehman Brothers Aggregate Bond Index gained 6.95%, and the Lehman Brothers Goverment/Credit Bond Index grew 6.98%. The Income Fund of America appears to be a solid fund, if one checks out it's Fund Profile. As one can see, Morningstar gave it a solid rating.</p><p></p><p>The above is my own interpretation and if I'm not mistaken, the APWA numbers were crunched by a professional money manager.</p></blockquote><p></p>
[QUOTE="my2cents, post: 52896"] Pardon the interuption, but to hopefully clarify APWA returns posted in their "Where's the Money" document on their website and in similar materials, which are distributed in APWA meetings, the numbers were crunched by adding up the total contributions made over a 30 year history and plugging these figures into the The Income Fund of America. What the APWA is saying if these contributions were invested with this mutual fund instead of Central States, one's contributions would be worth the figures the APWA supplied and if this total value were converted into an annuity, one would receive the higher projected payout per month. Furthermore, if one scrolls down on The Income Fund of America link, one can find its lifetime return, since its inception in December, 1973, to be in excess of 12%, by checking the lifetime rate of return. Additionally, if one checks out page 4 of the prospectus, one can find lifetime rates of return in comparison to the S&P 500 and the Lehman Brothers Government/Credit Bond Index. An excerpt from the table is provided below: Income Fund of America Lehman Brothers Government/Credit Bond Index The rate of return UPS supplied doesn't seem unrealistic either over the long haul, even though lower returns were made on a one year and/or five year basis. Using data from the prospectus shows over a ten year period, the S&P 500 increased 11.06%, the Lehman Brothers Aggregate Bond Index gained 6.95%, and the Lehman Brothers Goverment/Credit Bond Index grew 6.98%. The Income Fund of America appears to be a solid fund, if one checks out it's Fund Profile. As one can see, Morningstar gave it a solid rating. The above is my own interpretation and if I'm not mistaken, the APWA numbers were crunched by a professional money manager. [/QUOTE]
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