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The Thing About OT...
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<blockquote data-quote="Up In Smoke" data-source="post: 5210523" data-attributes="member: 79702"><p>So, if the company contributed $2k per year for 30 years and you had an average return of 5% over that time span, you would have 150K. You continue to make 5% after you retire, but you take 40k per year. Your company match is gone in less than 5 years. There is a reason companies buy out pension funds and convert to 401k match.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5210523, member: 79702"] So, if the company contributed $2k per year for 30 years and you had an average return of 5% over that time span, you would have 150K. You continue to make 5% after you retire, but you take 40k per year. Your company match is gone in less than 5 years. There is a reason companies buy out pension funds and convert to 401k match. [/QUOTE]
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