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How will “8.6%” inflation affect Brown?
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<blockquote data-quote="Up In Smoke" data-source="post: 5519987" data-attributes="member: 79702"><p>Median income is 35K. Six percent of that is 2100.00, plus the mirror match is 4200.00. Compounded over 15 years at a 6% annual return equals 103k. The same percentages over 30 years would net you 340k. Until 2013, the company match program was rarely offered, but now has become expected by employees (without pensions). So, if started your 401k and had no match your 30 year balance would be 170k. Right in line with what the chart shows.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5519987, member: 79702"] Median income is 35K. Six percent of that is 2100.00, plus the mirror match is 4200.00. Compounded over 15 years at a 6% annual return equals 103k. The same percentages over 30 years would net you 340k. Until 2013, the company match program was rarely offered, but now has become expected by employees (without pensions). So, if started your 401k and had no match your 30 year balance would be 170k. Right in line with what the chart shows. [/QUOTE]
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How will “8.6%” inflation affect Brown?
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