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Brown Cafe UPS Forum
UPS Retirement Topics
80 and out rule
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<blockquote data-quote="olroadbeech" data-source="post: 2281362" data-attributes="member: 52145"><p>yes , it's possible that he quit early and then waited for his birthday to qualify for peer 80. that example is actually in the Teamsters Benefit Trust retirement booklet. </p><p></p><p> my concern would be the medical benefits. he would have had to go on Cobra which for us would be about 500 a month the last time I checked.</p><p></p><p>I agree with you about going out as soon as able. why leave 4000 dollars on the table every month? if you kept working at UPS you would only be working for half wages . I know some guys keep working for some good reasons. pay off the mortgage, kids in college, waiting for spouse to retire, etc , etc.</p><p></p><p>but we planned for retirement 20 years ago. paid off house in half the time, maxed out the 401k and IRA's. saved, saved , saved.</p><p></p><p>it was well WORTH IT.</p></blockquote><p></p>
[QUOTE="olroadbeech, post: 2281362, member: 52145"] yes , it's possible that he quit early and then waited for his birthday to qualify for peer 80. that example is actually in the Teamsters Benefit Trust retirement booklet. my concern would be the medical benefits. he would have had to go on Cobra which for us would be about 500 a month the last time I checked. I agree with you about going out as soon as able. why leave 4000 dollars on the table every month? if you kept working at UPS you would only be working for half wages . I know some guys keep working for some good reasons. pay off the mortgage, kids in college, waiting for spouse to retire, etc , etc. but we planned for retirement 20 years ago. paid off house in half the time, maxed out the 401k and IRA's. saved, saved , saved. it was well WORTH IT. [/QUOTE]
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