Dividend investing for retirement Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dividend investing for retirement

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elroy who wrote (9036)	5/17/2011 10:18:53 AM
From: Jim P.	Read Replies (1) of 34328

I have a private pension. Most pensions are based on an 8% return on investment then the payouts are based on life expectancy. It works out at my employer to accruing 2% a year of highest 3 year average base wage. I pay in 9% of my base wage (2080 hours). I will have 22 years in so 44% of final highest three average salary or I could cash out. Most cash outs do not make sense as the payout in my plan is equal to an 8% payout of the phantom 8% return on monies placed in the pension. That is without survivor benefits. I guess if you thought the promise was not going to be fulfilled then cashing out would make sense. Survivor benefits lower the payout to 80%. There is no way I could replace the annuity in the private market or by myself with the 8% payout. Of course I plan to exceed the average life expectancy of my peers as we must. I do not know if my pension is normal just my own web surfing gave me the 8% number and when plugged into my pension it was right on. Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next