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<blockquote data-quote="Oldfart" data-source="post: 2979219" data-attributes="member: 64407">For many, the traditional ended when salaries were nowhere neat 60k.&nbsp;&nbsp; 11 years ago I would imagine I was in the upper 30&#039;s maybe,&nbsp; can&#039;t remember.&nbsp; The % you built up under the Traditional maxed out at 25 years.&nbsp; The ONLY increase was the 5 best years salary.&nbsp; So the last 11 years and from here on out, my monthly pension MIGHT have increased $300. In the meantime,&nbsp; I have built up a nice Portable.&nbsp;&nbsp; Way more than the $300 increase would have given me.&nbsp;&nbsp; I will do the math 1 day but I would imagine if I had over 40 years in the Portable and was getting 4% yearly return, I would have to be in the 300k range&nbsp; maybe more.&nbsp;&nbsp; $2000 a month in the Traditional will take close to 15 years to draw the same. If someone offered me $300k today or $2000 a month,&nbsp; I am taking the $300k.&nbsp; If I were not married,&nbsp; the Traditional goes away at my death.&nbsp;&nbsp; The Portable gives you way more flexibility.&nbsp; I know some of my numbers are estimates, but if a person were to put 4 to 8% of his salary into&nbsp; plan and draw 4% yearly for over 40 years, he just might be better off than a plan that maxed out at 25 years.</blockquote>

[QUOTE="Oldfart, post: 2979219, member: 64407"] For many, the traditional ended when salaries were nowhere neat 60k. 11 years ago I would imagine I was in the upper 30's maybe, can't remember. The % you built up under the Traditional maxed out at 25 years. The ONLY increase was the 5 best years salary. So the last 11 years and from here on out, my monthly pension MIGHT have increased $300. In the meantime, I have built up a nice Portable. Way more than the $300 increase would have given me. I will do the math 1 day but I would imagine if I had over 40 years in the Portable and was getting 4% yearly return, I would have to be in the 300k range maybe more. $2000 a month in the Traditional will take close to 15 years to draw the same. If someone offered me $300k today or $2000 a month, I am taking the $300k. If I were not married, the Traditional goes away at my death. The Portable gives you way more flexibility. I know some of my numbers are estimates, but if a person were to put 4 to 8% of his salary into plan and draw 4% yearly for over 40 years, he just might be better off than a plan that maxed out at 25 years. [/QUOTE]

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