Good news for our 401k

Discussion in 'UPS Retirement Topics' started by BlackJack616, Sep 28, 2014.

  1. BlackJack616

    BlackJack616 Active Member

    Lower fees starting Oct 1.... I believe we already have very low fees, now even lower!
     
  2. retiredTxfeeder

    retiredTxfeeder cap'n crunch

    yeah, I got the letter last week as well. Some dropped and some stayed the same. good news for participants. It is unusual to get good news these days. lol
     
  3. upschuck

    upschuck Avatar bet gone wrong

    When I got the letter and said there were changes, I thought for sure they were going up, but was pleasantly surprised to see they are dropping.
     
  4. instantK

    instantK Member

    Now only if they'd start matching
     
  5. upschuck

    upschuck Avatar bet gone wrong

    I'd rather have the pension, than a match of a couple percent.
     
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  6. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    In addition to your pension? Isn't that a bit greedy on your part?
     
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  7. instantK

    instantK Member

    NO not really greed.(Im sure you have showed plenty of greed in your life so stop with the BS)
    Dont worry we wont have a pension one day....
     
  8. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Asking for both a defined benefit pension plan and a company match for our 401k is textbook greed.
     
  9. instantK

    instantK Member

    pot calling the kettle black... if they match i'll give my bank account you can transfer it over...

    btw really owning an type of materialistic item, living in a bigger house, car, etc. is a form of greed... 99.8% of the north American society has this

    greed keep us employed.. people want and buy more and more crap which is useless...

    enough with rant. I understand your point, Yes I want more money simply to save more not to buy CRAP
     
  10. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    I live well below my means now so that I can enjoy a comfortable retirement later.
     
  11. Wally

    Wally Hailing from Parts Unknown.

    I'm greedy as hell, so is my employer.
     
  12. instantK

    instantK Member

    Ok. We have an agreement then
     
  13. brownmonster

    brownmonster Man of Great Wisdom

    I've always been concerned about the fees. I need that extra dollar a month down the road.
     
  14. upschuck

    upschuck Avatar bet gone wrong

    A dollar saved, is a dollar earned.
     
  15. instantK

    instantK Member

    If you save 1 dollar a day from age 18 to 65 invested earning around 10% you will have around $350,000...
     
  16. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    I'd rather have a match of 6-8%
     
  17. Strippers?
     
  18. upschuck

    upschuck Avatar bet gone wrong

    National average is 4.1%, and can raise or lower it at their whim.
     
  19. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    We could easily have it in the contract how much they are to give us.

    The union would rather spread our wealth around though.
     
  20. upschuck

    upschuck Avatar bet gone wrong

    Mine is single employer, you all should get into that plan too. 105% funded.