New Variable Benefit Plan Modeler
So, how is the modeler working out for everyone in "the middle"?
I was hired in my mid forties and, using historical rates of return, the model (not using the stochastic assumptions) shows that I will do 2% better under the variable plan. 2%...and I assume basically all of the risk. Changes to about 6% if I stay until 65. But, that is one of the problems with this plan...I have to work longer to really see a significant benefit increase.
Great for younger guys with lots of years to go and for those who have already maxed out their A Plan benefit. What about the middle?