upsman north georgia
Member
anybody that has retired after 25 or 26 years or anybody that you know has done this ? I have been thinking of leaving and sacrificing the additional pension at 30 . I want out in one piece.
retiring after 25 years
- Thread starter upsman north georgia
- Start date
UpstateNYUPSer(Ret)
Well-Known Member
That is no longer an option in Upstate NY.
Z
ZQXC
Guest
What is your age?
upsman north georgia
Member
Thanks, we are in the ups-teamster fund out of central states as of of 2008
upsman north georgia
Member
47
Harry Manback
Robot Extraordinaire
It'll be a decade before you can buy health insurance from the union. If you have an option for healthcare, it's worth looking at. I'm also considering early retirement.
Looking at 31 and out. I'll be 50. 6 yrs p/t and 25 friend/t. By my guess, it should bring about $2800 a month before penalties. Add that with my 401k and, I'm hoping it should give me some breathing room to reinvent myself.
Keep us posted on how your situation develops. I'm particularly interested since I'm located just north of you.
Indecisi0n
Well-Known Member
I get back to you in 20 years.
upsman north georgia
Member
Healthcare is the issue with that said I have rentals homes that I would depend on for most of my income and owner financed properties that I monthly income from. I could by my insurance under the rental business and would be an additional tax write off as business expense. Life is to short to be over worked and stressed daily. Where are you?
Harry Manback
Robot Extraordinaire
South Carolina. Life is indeed, too short. I don't want to give any more of mine to this company than I have to.
upsman north georgia
Member
I will keep you posted .I enjoy communicating with my fellow upsers .I know what they go through daily.I guess you are under central states? All the new people from this contract that entered into central states can get there health care at 52 after 25 years and for me it would be 55 .This is something the union come up with a double standard, nobody is on our side!
One thing I've noticed is that we all worry (me included) about having having enough money to retire, but I've never met a retired person who wished they had stuck around longer for more money. I've talked to quite a few guys who retired early and right up to the day they were all worried about money, going over the numbers again and again, talk to them a month later and they don't have a care in the world all smiling and happy. Soon as I hit 25 I'm gone jack.
upsman north georgia
Member
You are right, money does not buy happiness!
rod
Retired 22 years
We have had a couple of guys who retired who weren't prepared financially for it. They now both work another full time job (trucking) to keep up with their bills. There is nothing wrong with working a fun gig a few hours a week but a person shouldn't quit UPS just to work 40-50 hours a week elsewhere---especially at another trucking job.
rod
Retired 22 years
I would agree with that. One of the guys who I mentioned just had his house go into for closure. He owes more on it now than he did 16 years ago---but he always drives a new decked out 4 X 4 pickup.
If you leave and have to get another job in the future, it will be easier the younger you are. It sounds like you have prepared yourself quite well. There was a guy in our building who retired at 43 with 25 years service, just him and his wife, no kids. I don't think he ever regretted his decision. Like you said, no one I've ever heard of has ever regretted retiring. Good luck and I hope it works out for you.
upsman north georgia
Member
The IBT/UPS plan provides a 25 and out provision, health and welfare is at age 55 unless you have 30 in.
Sent using BrownCafe App
Harry Manback
Robot Extraordinaire
Areyoukiddinme
best 2 weeks ever
hey, north GA i guess it depends on your stats..your health,age,how much money you need,how much you will receive from your pension before and after you do your 30.
the way i got out was i found out what i would be getting from my pension(after taxes) then my wife and i did a dry run for 3 months using only the same amount and it all worked out..best of luck
ps. i was very anxious about leaving but it one of the best decisions i ever made
the way i got out was i found out what i would be getting from my pension(after taxes) then my wife and i did a dry run for 3 months using only the same amount and it all worked out..best of luck
ps. i was very anxious about leaving but it one of the best decisions i ever made
