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Brown Cafe UPS Forum
UPS Union Issues
No insurance till 55 when you retire
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<blockquote data-quote="104Feeder" data-source="post: 1147082" data-attributes="member: 42554"><p>Correct me if I'm wrong, but I've read that to protect your retirement savings you shouldn't withdraw more than 4% per year for it to last your lifetime. 4% of $5 Million is $200,000. My pension today would pay me my base wage now, and with 401K I plan to enhance that to about what my take home is today. Your figures would more than double that figure. I don't expect to live such an extravagant lifestyle after retirement that I would need $200k per year, do you? Do others?</p></blockquote><p></p>
[QUOTE="104Feeder, post: 1147082, member: 42554"] Correct me if I'm wrong, but I've read that to protect your retirement savings you shouldn't withdraw more than 4% per year for it to last your lifetime. 4% of $5 Million is $200,000. My pension today would pay me my base wage now, and with 401K I plan to enhance that to about what my take home is today. Your figures would more than double that figure. I don't expect to live such an extravagant lifestyle after retirement that I would need $200k per year, do you? Do others? [/QUOTE]
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No insurance till 55 when you retire
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