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Brown Cafe UPS Forum
UPS Retirement Topics
Dreaded Pension Funding Level Letter
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<blockquote data-quote="satellitedriver" data-source="post: 727554" data-attributes="member: 1664"><p><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen">Each personal reality is different.</span></strong></p><p><strong><span style="color: DarkGreen">The 97' strike was my wake up call to take personal action for my future/retirement.</span></strong></p><p><strong><span style="color: DarkGreen">Luckily, I was raised poor and I applied that experience to fortify me.</span></strong></p><p><strong><span style="color: DarkGreen">I set four simple goals.</span></strong></p><p><strong><span style="color: DarkGreen">Save some money every week.</span></strong></p><p><strong><span style="color: DarkGreen">Pay off my home.</span></strong></p><p><strong><span style="color: DarkGreen">Be debt free,</span></strong></p><p><strong><span style="color: DarkGreen">and most importantly,</span></strong></p><p><strong><span style="color: DarkGreen">enjoy this short life with the one's I love.</span></strong></p><p><strong><span style="color: DarkGreen">In 13 short years, I have met my goals.</span></strong></p><p><strong><span style="color: DarkGreen">Is it an easy path?</span></strong></p><p><strong><span style="color: DarkGreen">No</span></strong></p><p><strong><span style="color: DarkGreen">There is a saying in this part of Texas ;</span></strong></p><p><strong><span style="color: DarkGreen">"Poor boy's have poor boy ways." </span></strong></p><p><strong><span style="color: DarkGreen">Meaning, </span></strong></p><p><strong><span style="color: DarkGreen">I still cook my breakfast, pack a lunch and drink water that I put in a bottle from my well, everyday.</span></strong></p><p><strong><span style="color: DarkGreen">I cut my own hair, ect.....</span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen">Your question was, how much can one realistically salt away into their 401k?</span></strong></p><p><strong><span style="color: DarkGreen">No one can define that number for you. </span></strong></p><p><strong><span style="color: DarkGreen">I started out at3% and now put in 33%.</span></strong></p><p><strong><span style="color: DarkGreen">My total aggregate savings is 50%, of net income.</span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen">The only "wisdom" I can pass on about saving money is; </span></strong></p><p><strong><span style="color: DarkGreen">If you do not feel "the pinch", then you are not on a budget.</span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen">Best Regards,</span></strong></p><p><strong><span style="color: DarkGreen">and Best of Luck.</span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen">Steve</span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p><p> <strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p><p><strong><span style="color: DarkGreen"> </span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p></blockquote><p></p>
[QUOTE="satellitedriver, post: 727554, member: 1664"] [B][COLOR=DarkGreen] Each personal reality is different. The 97' strike was my wake up call to take personal action for my future/retirement. Luckily, I was raised poor and I applied that experience to fortify me. I set four simple goals. Save some money every week. Pay off my home. Be debt free, and most importantly, enjoy this short life with the one's I love. In 13 short years, I have met my goals. Is it an easy path? No There is a saying in this part of Texas ; "Poor boy's have poor boy ways." Meaning, I still cook my breakfast, pack a lunch and drink water that I put in a bottle from my well, everyday. I cut my own hair, ect..... Your question was, how much can one realistically salt away into their 401k? No one can define that number for you. I started out at3% and now put in 33%. My total aggregate savings is 50%, of net income. The only "wisdom" I can pass on about saving money is; If you do not feel "the pinch", then you are not on a budget. Best Regards, and Best of Luck. Steve [/COLOR][/B] [/QUOTE]
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