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I A M penison out of money
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<blockquote data-quote="brett636" data-source="post: 4271098" data-attributes="member: 249"><p>Interesting discussion on this topic. Just goes to show that while a 401k is not a pension plan if you save enough in it your pension becomes a bonus rather than a necessary part of your retirement plan. My pension pays out about $50k a year with 35 years of service and a retirement account of $1.25 million can pay that forever assuming a 4% withdrawal rate. Bottom line is don’t rely on your pension to carry you through your old age. Save, save, save for your future instead.</p></blockquote><p></p>
[QUOTE="brett636, post: 4271098, member: 249"] Interesting discussion on this topic. Just goes to show that while a 401k is not a pension plan if you save enough in it your pension becomes a bonus rather than a necessary part of your retirement plan. My pension pays out about $50k a year with 35 years of service and a retirement account of $1.25 million can pay that forever assuming a 4% withdrawal rate. Bottom line is don’t rely on your pension to carry you through your old age. Save, save, save for your future instead. [/QUOTE]
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I A M penison out of money
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