LogFAQs > #966645731

John works hard and, having begun his career at 25 years old, is now eligible to retire from his company at the age of 50. The average biweekly deduction over the course of his career was $175 or $4550 per year. After 25 years this totals $113,750 that John has had deducted for his pension. Now retired, his monthly pension disbursement totals $2,916.67 or $35,000 per year after taxes. This means it takes John a mere 3 and 1/4 years to receive back all of the contributions he's made to his pension. At 53 years old, John's pension has paid back his investment and now makes him a steady source of income.

His pension is a lifetime benefit, and John believes in taking care of himself. He exercises daily and eats well. John lives to be 80 years old. After 27 years of monthly payments that made him money, his pension has paid him $945,000 only with an investment of $113,750.

Let John be an example: the path to wealth is a marathon my friends, not a race.