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Comparing pension and 401k
Comparing pension and 401k My current job has a defined benefit pension. Monthly benefit at retirement (as early as 62 with no penalty) is calculated as $85×(years of service credit). I currently have 6.3 years credit and am vested. I average 1.1-1.2 years of service credit per calendar year. I currently contribute 12% to my 401k in addition with no match, balance is $38k...
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