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Man charts plan to beat pension system with mutual fund growth
Harper V Lennon 63 years old, still employed, outlines a strategy to beat his pension. He began drawing $100 monthly at 60 while investing $100 monthly in a growth mutual fund with reinvested earnings. After year one he had $1,420 from a $1,200 input. year two yielded about 31 percent gains. He expects the fund to outpace the pension by 65, aided by compounding and reinvested dividends, while noting risk and a death benefit shift.
MENTIONED IN THIS ARTICLE
Harper V. Lennon
Lennon
Awite
Leuven
Jack