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UPS Retirement Topics
Got pension payment offer.
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<blockquote data-quote="olroadbeech" data-source="post: 4255250" data-attributes="member: 52145"><p>gipsee brought up a good point.......inflation. </p><p></p><p>plus if you took a lump sum now you would heavily taxed and penalized.</p><p></p><p>if you have the discipline and can get by without it now , I would invest/roll it into a good retirement account. I have had very good returns in the Vanguard mutual funds.......mainly Index funds like the S%P 500 and other index funds that decrease the risk factors. </p><p></p><p>that way your lump sum will grow by the time you retire. the miracle of compound interest is real. the last 40 years the average returns in the stock market has been 8%. with the rule of 72 , you money doubles every 9 years. you will stay way ahead of inflation.</p><p></p><p> we invested less than $150k total in the 401k during my career and now the total is over 4 times that. </p><p></p><p>that ain't chump change.</p></blockquote><p></p>
[QUOTE="olroadbeech, post: 4255250, member: 52145"] gipsee brought up a good point.......inflation. plus if you took a lump sum now you would heavily taxed and penalized. if you have the discipline and can get by without it now , I would invest/roll it into a good retirement account. I have had very good returns in the Vanguard mutual funds.......mainly Index funds like the S%P 500 and other index funds that decrease the risk factors. that way your lump sum will grow by the time you retire. the miracle of compound interest is real. the last 40 years the average returns in the stock market has been 8%. with the rule of 72 , you money doubles every 9 years. you will stay way ahead of inflation. we invested less than $150k total in the 401k during my career and now the total is over 4 times that. that ain't chump change. [/QUOTE]
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