The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: help on ideas for retirement fund opportunit||Date: 9/19/2012 4:00 PM|
|Author: bartsd||Number: 70921 of 81362|
I failed to clarify some details properly.
1. The bonus is offered at 15 years, but you still work until the normal 20 years and then retire at the lower rate of 47%, versus the normal 50% of base income.
2. Dropping the money in to an account consisted of leaving it there for the remainder of the five years that I am still working the government job, and then post retirement dropping the monthly retirement pay in to the same account for the next 5 years.
That is where I get the calculation of 140k.
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|