Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Pension Buyout
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 2401377" data-attributes="member: 12570"><p>Pensions for the most part do not offer cost of living raises.</p><p></p><p>Let's assume that you are 40 and that you will live to 90.</p><p></p><p>$70/month times 12 months times 50 years equals $42K.</p><p></p><p>$388 * 12 * 25 = $116,400.</p><p></p><p>$15K invested in a Traditional 401k at age 40 will grow to just over $70K by age 65.</p><p></p><p>That same $15K rolled over to a Roth will grow to just over $81K.</p><p></p><p>Take the lump sum and dump it in a Roth IRA.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 2401377, member: 12570"] Pensions for the most part do not offer cost of living raises. Let's assume that you are 40 and that you will live to 90. $70/month times 12 months times 50 years equals $42K. $388 * 12 * 25 = $116,400. $15K invested in a Traditional 401k at age 40 will grow to just over $70K by age 65. That same $15K rolled over to a Roth will grow to just over $81K. Take the lump sum and dump it in a Roth IRA. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Pension Buyout
Top