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UPS Union Issues
Central States going broke---
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<blockquote data-quote="Well-Known Member" data-source="post: 4813182" data-attributes="member: 85066"><p>Better do your math again.</p><p></p><p>If you had $3 million dollars, at a modest 3% return, you can withdraw $7399 per month indefinitely, without even touching the $3 million dollars. You can withdraw $10,000 per month for almost 46 years.</p><p></p><p>If you had $1 million dollars at a modest 3% return, that will last you over 41 years at $3500 per month.</p><p></p><p>So, you're off by over $2 million dollars, and that's using a modest 3% return. Run the numbers using a typical 6% return, and it will blow your mind.</p></blockquote><p></p>
[QUOTE="Well-Known Member, post: 4813182, member: 85066"] Better do your math again. If you had $3 million dollars, at a modest 3% return, you can withdraw $7399 per month indefinitely, without even touching the $3 million dollars. You can withdraw $10,000 per month for almost 46 years. If you had $1 million dollars at a modest 3% return, that will last you over 41 years at $3500 per month. So, you're off by over $2 million dollars, and that's using a modest 3% return. Run the numbers using a typical 6% return, and it will blow your mind. [/QUOTE]
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