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APWA ???
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<blockquote data-quote="Just Lurking" data-source="post: 97432" data-attributes="member: 5304"><p>The return percentage would be 10 percent @ $190 weekly compounded over 18 years. Two scenarios 1. If you do not get 10 percent every year your will not get that amount. An 8 percent return knocks $96000 of that amount (still good though). But lets say that you retire with that $460000. What happens when you withdraw 10 percent and the return is less than 10 percent you are eating principal. Let alone get a negative return which would spiral it down even faster. </p><p></p><p>If you are wanting to retire around age 60 or so, you need to plan on living for another 20-30 years. In that time, there will be atleast one bear market if not more. What would you do has 70 or 75 year old person with no money - go back to work?</p><p></p><p>The plan is solid as long as every single possibilty works in your favor. Under CSPF (which i'm a member for insurance but not pension), we know this is not the case.</p><p></p><p>I have met both men and believe that they along with us know that know CS is trouble. I just have problems with the way that they are presenting their solution.</p></blockquote><p></p>
[QUOTE="Just Lurking, post: 97432, member: 5304"] The return percentage would be 10 percent @ $190 weekly compounded over 18 years. Two scenarios 1. If you do not get 10 percent every year your will not get that amount. An 8 percent return knocks $96000 of that amount (still good though). But lets say that you retire with that $460000. What happens when you withdraw 10 percent and the return is less than 10 percent you are eating principal. Let alone get a negative return which would spiral it down even faster. If you are wanting to retire around age 60 or so, you need to plan on living for another 20-30 years. In that time, there will be atleast one bear market if not more. What would you do has 70 or 75 year old person with no money - go back to work? The plan is solid as long as every single possibilty works in your favor. Under CSPF (which i'm a member for insurance but not pension), we know this is not the case. I have met both men and believe that they along with us know that know CS is trouble. I just have problems with the way that they are presenting their solution. [/QUOTE]
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