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Brown Cafe UPS Forum
UPS Retirement Topics
UPS Special Pension Buyout Offer - December 2016
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<blockquote data-quote="Namoric" data-source="post: 2397503" data-attributes="member: 19673"><p>You have to remember, that will 350 bucks in 2046 money (I'm taking a guess at your retirement age) which, if you factor inflation, would be work about $130.00 or so. I'm guessing your lump sum offer was around 40k. If you invested that yourself in an IRA, tracking the S&P 500 index, at an average of 5% monthly, compound intrest and an addition $200 a month from you, you could have well over 300k saved in 30 years. </p><p></p><p>Play with the numbers: <a href="https://www.investor.gov/additional-resources/free-financial-planning-tools/compound-interest-calculator" target="_blank">Compound Interest Calculator | Investor.gov</a></p><p></p><p>If you're not the type to save and have that stick-to-it-ness ... then by all means, just leave things how they are.</p></blockquote><p></p>
[QUOTE="Namoric, post: 2397503, member: 19673"] You have to remember, that will 350 bucks in 2046 money (I'm taking a guess at your retirement age) which, if you factor inflation, would be work about $130.00 or so. I'm guessing your lump sum offer was around 40k. If you invested that yourself in an IRA, tracking the S&P 500 index, at an average of 5% monthly, compound intrest and an addition $200 a month from you, you could have well over 300k saved in 30 years. Play with the numbers: [URL="https://www.investor.gov/additional-resources/free-financial-planning-tools/compound-interest-calculator"]Compound Interest Calculator | Investor.gov[/URL] If you're not the type to save and have that stick-to-it-ness ... then by all means, just leave things how they are. [/QUOTE]
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UPS Special Pension Buyout Offer - December 2016
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