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Brown Cafe UPS Forum
UPS Retirement Topics
How did you take your retirement payout?
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<blockquote data-quote="Red Headed Stranger" data-source="post: 5598036" data-attributes="member: 90351"><p>Mine was not as high as yours; however, with the COLA increases (if inflation continues), it might not be as different as you think. If you consider 5% inflation, at 62 you'll get 2300 per month, then at 63 you'll get 2415 per month, and if you continue forward at 5% inflation, you'll be at right about 3400 a month by age 70. If you collect at 62, with a 5% COLA, by the time you turn 70, you will have collected $263,520. If you wait until 70, and die at 70 years, 1 month, you'll have collected $4,000. Oh, and don't forget that if you don't need the money, you can always invest it and have additional monies besides what you have collected from SS.</p></blockquote><p></p>
[QUOTE="Red Headed Stranger, post: 5598036, member: 90351"] Mine was not as high as yours; however, with the COLA increases (if inflation continues), it might not be as different as you think. If you consider 5% inflation, at 62 you'll get 2300 per month, then at 63 you'll get 2415 per month, and if you continue forward at 5% inflation, you'll be at right about 3400 a month by age 70. If you collect at 62, with a 5% COLA, by the time you turn 70, you will have collected $263,520. If you wait until 70, and die at 70 years, 1 month, you'll have collected $4,000. Oh, and don't forget that if you don't need the money, you can always invest it and have additional monies besides what you have collected from SS. [/QUOTE]
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How did you take your retirement payout?
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