Not sure ever a topic, but interesting to look at ham and eggers and try to figure out where they stand in regard to the pension. I've melded two articles together, one from 2019 and the chart from 2016.
here are two ways golfers can earn retirement money. One is by making the cut at a tournament, as long as they play in at least 15 events. Typically 144 golfers try to make it into a tournament and the 70 with the lowest score after 36 holes make it. Each time a golfer made a cut this year, it was worth $4,800 into their retirement account, and each one they made over 15 was worth double that.
The other way is by finishing as one of the top 150 golfers of the year, which will get them FedEx Plan bonus money. This year the No. 1 golfer will get a $15 million bonus — $14 million in cash and $1 million in deferred retirement income — and golfers get less as their ranking gets lower. For example, the No. 150 golfer will get a $70,000 bonus, all as deferred income. Here is the leaderboard for this year, and here is how it ended up in 2018. For golfers who come in places 31 to 150, all of the bonus money is deferred into their retirement funds.
"Could someone have $40 million in the plan?" asked one financial analyst with intimate knowledge of the PGA Tour plan. "Mathematically, yes, if that person picked their stocks aggressively and rode the stock market rise from its lows in the spring of 2009 to its record highs in mid-August of this year. Tiger and Vijay could have that kind of money. I think a lot of guys have $10 million-plus, probably 20 guys have over that."
Currently over 600 golfers have more $1 million in their retirement funds, and 114 have over $3 million. These include golfers on both the PGA Tour and PGA Tour Champions, a senior golf tour.
here are two ways golfers can earn retirement money. One is by making the cut at a tournament, as long as they play in at least 15 events. Typically 144 golfers try to make it into a tournament and the 70 with the lowest score after 36 holes make it. Each time a golfer made a cut this year, it was worth $4,800 into their retirement account, and each one they made over 15 was worth double that.
The other way is by finishing as one of the top 150 golfers of the year, which will get them FedEx Plan bonus money. This year the No. 1 golfer will get a $15 million bonus — $14 million in cash and $1 million in deferred retirement income — and golfers get less as their ranking gets lower. For example, the No. 150 golfer will get a $70,000 bonus, all as deferred income. Here is the leaderboard for this year, and here is how it ended up in 2018. For golfers who come in places 31 to 150, all of the bonus money is deferred into their retirement funds.
"Could someone have $40 million in the plan?" asked one financial analyst with intimate knowledge of the PGA Tour plan. "Mathematically, yes, if that person picked their stocks aggressively and rode the stock market rise from its lows in the spring of 2009 to its record highs in mid-August of this year. Tiger and Vijay could have that kind of money. I think a lot of guys have $10 million-plus, probably 20 guys have over that."
Currently over 600 golfers have more $1 million in their retirement funds, and 114 have over $3 million. These include golfers on both the PGA Tour and PGA Tour Champions, a senior golf tour.
