Waiting for conference call

[Brownslave688]

If I put 18000 in the bank and they give me 2800 for it, that would be about 15%. In 10 years I would receive 28000 off that 18000.

Like I said you're really confused somehow.


The difference is you still have access to the 18k. In a pension you don't.

 

[Brownslave688]

Make I simple. Assume I only work one year.

Ok it would take you 6.5 years to break even

 

[1989]

Ok it would take you 6.5 years to break even

My numbers may be a little off too. Don't remember the exact contribution.

 

[1989]

Ok it would take you 6.5 years to break even

6.5 years doesn't seem sustainable.

 

[Brownslave688]

My numbers may be a little off too. Don't remember the exact contribution.

My point is you have to live awhile into retirement to even break even on pension contributions let alone come out ahead.


With a 401k or any investment you could die 1 day into retirement and your family still gets all of that money

 

[1989]

My point is you have to live awhile into retirement to even break even on pension contributions let alone come out ahead.


With a 401k or any investment you could die 1 day into retirement and your family still gets all of that money

Yes, but it wasn't my money. My money is elsewhere. Too much stuck into the 401k.

When I'm dead I don't need the money anyway. If I die 1 day into retirement, it was a big waste of time and money.

 

[Brownslave688]

Yes, but it wasn't my money. My money is elsewhere. Too much stuck into the 401k.

When I'm dead I don't need the money anyway. If I die 1 day into retirement, it was a big waste of time and money.

Not a waste if my wife and kids get to enjoy the fruits of my labor for years after I die.



You're obviously not grasping this at all so I'm done.

 

[1989]

Not a waste if my wife and kids get to enjoy the fruits of my labor for years after I die.



You're obviously not grasping this at all so I'm done.

I have no obligation to pass anything on beyond my wife.