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Pension Buyout
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<blockquote data-quote="Mugarolla" data-source="post: 2401641" data-attributes="member: 8481"><p>And that money dumped into a Roth IRA will continue to earn a return and grow beyond age 65. You used a 7% return, so at that return, once you turn 65 you can withdraw over $544 a month for the next 25 years.</p><p></p><p>A UPS pension would give you $388/mo. The lump sum invested now would give you around $544/mo. That is an extra $47K. And if something happened to you, your heirs get all the money. With a UPS pension, they do not.</p><p></p><p>The drawback is that you are relying on the market for your rate of return. Can the market maintain that 7% average for the next 55 years?</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 2401641, member: 8481"] And that money dumped into a Roth IRA will continue to earn a return and grow beyond age 65. You used a 7% return, so at that return, once you turn 65 you can withdraw over $544 a month for the next 25 years. A UPS pension would give you $388/mo. The lump sum invested now would give you around $544/mo. That is an extra $47K. And if something happened to you, your heirs get all the money. With a UPS pension, they do not. The drawback is that you are relying on the market for your rate of return. Can the market maintain that 7% average for the next 55 years? [/QUOTE]
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