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<blockquote data-quote="vantexan" data-source="post: 2979183" data-attributes="member: 24302">Under the traditional if your 5 highest years averaged $60k you&#039;d get $30k a year starting at 60.&nbsp; $25.5k at 55.&nbsp; Not hard to do for a topped out courier getting some OT.&nbsp; You have to have 75 points under the PPP to be in the top bracket.&nbsp; Someone starting at 25 would reach top bracket at 50.&nbsp; At least now they&#039;d top out in 9 years so if getting 6% it&#039;s on better money.&nbsp; The biggest difference between the plans is say someone started with the company at 21.&nbsp; He has 25 credited years in at 46 with a 5 year average of $50k.&nbsp; He decides he&#039;d like to try another career field, or travel, or take care of his elderly parents full-time, or whatever.&nbsp; He&#039;ll still get that $25k at 60.&nbsp; Under the PPP he&#039;ll need to keep working many more years to accumulate enough to supplement his 401k and Social Security.You mention you have $100k now.&nbsp; How much money would you need to give you the equivalent of $25k annually?&nbsp; A million dollars at 2.5% interest will generate $25k.&nbsp; $250k at 10% the same.&nbsp; Takes a bit of risk to your principle though to generate 10% and if you get caught on the wrong side of a crash you could lose a lot of principle.&nbsp; Meanwhile under the traditional you still get your $25k.&nbsp; And unlikely most couriers will accumulate $250k or get a 10% return consistently.</blockquote>

[QUOTE="vantexan, post: 2979183, member: 24302"] Under the traditional if your 5 highest years averaged $60k you'd get $30k a year starting at 60. $25.5k at 55. Not hard to do for a topped out courier getting some OT. You have to have 75 points under the PPP to be in the top bracket. Someone starting at 25 would reach top bracket at 50. At least now they'd top out in 9 years so if getting 6% it's on better money. The biggest difference between the plans is say someone started with the company at 21. He has 25 credited years in at 46 with a 5 year average of $50k. He decides he'd like to try another career field, or travel, or take care of his elderly parents full-time, or whatever. He'll still get that $25k at 60. Under the PPP he'll need to keep working many more years to accumulate enough to supplement his 401k and Social Security. You mention you have $100k now. How much money would you need to give you the equivalent of $25k annually? A million dollars at 2.5% interest will generate $25k. $250k at 10% the same. Takes a bit of risk to your principle though to generate 10% and if you get caught on the wrong side of a crash you could lose a lot of principle. Meanwhile under the traditional you still get your $25k. And unlikely most couriers will accumulate $250k or get a 10% return consistently. [/QUOTE]

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