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The Unmanned Writer
Picture of LS1 GTO
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Tell the wife i need to travel for work this week.

Hookers and blow.

I’ll worry about work next week.

Life moves pretty fast. If you don't stop and look around once in a while, you could miss it.

Only in an insane world are the sane considered insane.

The memories of a man in his old age
Are the deeds of a man in his prime

Posts: 13946 | Location: It was Lat: 33.xxxx Lon: 44.xxxx now it's CA :( | Registered: March 22, 2008Reply With QuoteReport This Post
His Royal Hiney
Picture of Rey HRH
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A healthy 10% guaranteed return income stream for life? 10% return is the average long term return of the stock market and that's before capital gains tax and not counting volatility.

For your limited life as ours all are, I would take it especially that it's a favorable treatment on your pre-tax dollars.

$4500 a year may be "small" but small rivulets end up combining to form a might river. I really am surprised someone thinks they can earn more than $4,500 a year from your $40,000. As long as it's not a private company offering you this or it's a private annuity but guaranteed by your employer then I would jump on it.

But if there's any disclaimer like "past performance is no guarantee of future results" or "this is just a projection" in small print below, then I'll pass. You can see that this second half of my post is based on my statement that someone thinks they can earn better than 10% on your $40,000 for the rest of your life which is pretty hard to do.

"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.
Posts: 19075 | Location: The Free State of Arizona - Ditat Deus | Registered: March 24, 2011Reply With QuoteReport This Post
Raised Hands Surround Us
Three Nails To Protect Us
Picture of Black92LX
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It’s not a conjunction or something offered by an outside entity. They are set percentages laid out in the pesion.
It is simply purchasing time toward my pension which equates to a percentage of my high average.
In all reality that may be closer to $5,000 in the end as that $4,500 is calculated if I were to leave today. Which I have no plans to do so that number will go up each year I stay unless some sort of hiring freeze is implemented (which is very unlikely right now).
However it also adds the benefit of leaving now if I choose too (which is 2 years early) which is also a plus if someone were to come in and offer me some other employment or some other employment were to present it self.
It also means I will leave 2 years earlier than if I did not buy because the time my pension take home equals a working take home (which is my absolute leave date) will come 2 years earlier.

We see trauma in our sleep, we just need to find some peace.
But we smile because we’re brave but there’s a war inside our brain.
We’re a soldier in a battlefield, just trying to find our way.
Got an army right behind me and I pray that we’re all saved.
And I pray we win this battle and we fight another day.
Posts: 24933 | Registered: September 06, 2003Reply With QuoteReport This Post
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