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Personal Finance (Not Investing) • Valid to think of pension like this?

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I am vested in Illinois pension system and am considering a job now with much higher salary. Another 4 yrs at anticipated salary would provide 64350 at 60 and 45000 at 55. There is a 3% annual compounded raise to pension. I am around 50 now.

Would it be appropriate to think about yearly annuity in term of portfolio needed to provide this cash flow?

So 45000 at 55 would mean needing a portfolio of 1,126,000 (45000 x 25 per 4% rule)?

So my offered salary would be :

Say 325k plus 1,126,000 /4 yrs of service or about 606k per year if I worked for 4 yrs to earn this cash flow?

Statistics: Posted by am — Tue Aug 06, 2024 11:08 am — Replies 0 — Views 28



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