Originally Posted by
Pineapple Guy
$49,000 (in 2010) per year, every year? Let's do some basic math. Assume that increases with the rate of inflation (at 3%) and you work a 30 year career and earn 8% on your money. That grows to $7.5m which then throws off an annual $543k for 30 years past retirement (invested at 6% in retirement). Discounting that to today's $$ yields $224k. So, you're saying you want more in retirement than a 777A Captain makes working today?
I've got no problem with that, if money grew on trees, and Santa Claus could deliver. In the real world, where trade-offs are made, I'll take a bit more DC but I want higher payrates first.
That is why I said I would vote for it!