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<blockquote data-quote="Caustic Burno" data-source="post: 1045373" data-attributes="member: 694"><p>You are dead on and with today's rate's I wouldn't even consider retireing without at least a 1.5 mill in a 401K. </p><p>That in CD's will pay out 15 to 20 grand a year. In purchased annuities about 6000 a month before taxes.</p><p>A lot of companies have let there fund's go belly up to throw the employees in the PBGC pool.</p><p><a href="http://en.wikipedia.org/wiki/Pension_Benefit_Guaranty_Corporation" target="_blank">http://en.wikipedia.org/wiki/Pension_Be ... orporation</a></p></blockquote><p></p>
[QUOTE="Caustic Burno, post: 1045373, member: 694"] You are dead on and with today's rate's I wouldn't even consider retireing without at least a 1.5 mill in a 401K. That in CD's will pay out 15 to 20 grand a year. In purchased annuities about 6000 a month before taxes. A lot of companies have let there fund's go belly up to throw the employees in the PBGC pool. [url=http://en.wikipedia.org/wiki/Pension_Benefit_Guaranty_Corporation]http://en.wikipedia.org/wiki/Pension_Be ... orporation[/url] [/QUOTE]
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