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<blockquote data-quote="35years" data-source="post: 4011893" data-attributes="member: 60822"><p>If you did not work through your lunch, and instead invested that $56.46 (rate for 1 hour of OT as of August 2019) in overtime into your 401k in stocks, you might be surprised...</p><p></p><p><strong>Over your 35 year career you are handing UPS over 3 million dollars! </strong></p><p></p><p>You can run the numbers below through the link I provided. I assumed a conservative 8% return on investment in stocks (historically 12.43% long term). Also I assumed 3% annual raises (conservative compared to historical increases)</p><p>One hour of overtime pay at $56.46 per hour, 5 days a week.</p><p></p><p><strong>Your total is $3,407733 after 35 years.</strong></p><p><strong>-----------------------------------------------------------------------------</strong></p><p><strong>If you assume the actual 12.43% avg historical return on investment for the stock market, one hour of OT per day invested...</strong></p><p><strong></strong></p><p><strong><span style="color: #b30000">Your total is $9,148540 after 35 years.</span></strong></p><p><strong><a href="http://www.bankrate.com/calculators/retirement/401-k-retirement-calculator.aspx" target="_blank">401k Calculator - Bankrate.com</a></strong></p><p></p><p>Is working off the clock before punch in or during break worth it? <span style="color: #b30000"><strong>One half an hour every day is $4,574270 you are giving them!</strong></span></p></blockquote><p></p>
[QUOTE="35years, post: 4011893, member: 60822"] If you did not work through your lunch, and instead invested that $56.46 (rate for 1 hour of OT as of August 2019) in overtime into your 401k in stocks, you might be surprised... [B]Over your 35 year career you are handing UPS over 3 million dollars! [/B] You can run the numbers below through the link I provided. I assumed a conservative 8% return on investment in stocks (historically 12.43% long term). Also I assumed 3% annual raises (conservative compared to historical increases) One hour of overtime pay at $56.46 per hour, 5 days a week. [B]Your total is $3,407733 after 35 years. ----------------------------------------------------------------------------- If you assume the actual 12.43% avg historical return on investment for the stock market, one hour of OT per day invested... [COLOR=#b30000]Your total is $9,148540 after 35 years.[/COLOR] [URL='http://www.bankrate.com/calculators/retirement/401-k-retirement-calculator.aspx']401k Calculator - Bankrate.com[/URL][/B] Is working off the clock before punch in or during break worth it? [COLOR=#b30000][B]One half an hour every day is $4,574270 you are giving them![/B][/COLOR] [/QUOTE]
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