Originally Posted by
BoilerUP
In order to get $130k/year from a DC plan, at 4% annual withdrawl, you’d need your MPP to be worth $3.25M.
EXACTLY. I know you’re Brown, but holy crap, I can’t believe how many Purple dudes I fly with who don’t get that.
Of course I’d rather it be more, who wouldn’t. But to have the 401k AND the pension is the sweet spot.
I don’t see $130k. I see the additional $3.25M I’d need to accrue in the market to pull 4%. The pension not being stock market dependent is yuuuge.
And yes, I do realize the horrific airline bankruptcy after 9/11. And I realize FedEx will need to remain in business for me to pull that pension.