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Brown Cafe UPS Forum
UPS Retirement Topics
Take a peek at the new Contract before retiring?
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<blockquote data-quote="Just A UPS Guy" data-source="post: 5175691" data-attributes="member: 73174"><p>Was shown something on this topic a couple of years ago. If you don't need it at all, take it at 62, and invest all of it every month. After 5 years when you're 67 you'll essentially have another 401k to draw from. In my case, if I do it this way and I only make 5% I'll have another $145k and growing in the bank. If stop investing it and I draw the difference from that account at 67, as if I had waited, that money will last until 85, at least. But, if you croak earlier you got more money and made money off of it, and have security to leave your spouse.</p></blockquote><p></p>
[QUOTE="Just A UPS Guy, post: 5175691, member: 73174"] Was shown something on this topic a couple of years ago. If you don't need it at all, take it at 62, and invest all of it every month. After 5 years when you're 67 you'll essentially have another 401k to draw from. In my case, if I do it this way and I only make 5% I'll have another $145k and growing in the bank. If stop investing it and I draw the difference from that account at 67, as if I had waited, that money will last until 85, at least. But, if you croak earlier you got more money and made money off of it, and have security to leave your spouse. [/QUOTE]
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Take a peek at the new Contract before retiring?
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