Catatonic
Nine Lives
He's so smart!Neither of you will receive the letter as neither of you qualify for the buyout.
Did I receive it Wonder Boy?
He's so smart!Neither of you will receive the letter as neither of you qualify for the buyout.
I missed it by 10% ... Damn!Got our $$ numbers almost exactly what the pension calculator stated. 1/2 of the future value . Questions to our tax attorney. Our concern is if we leave it and the pension changes
Unless you have young kids, a pool is a waste of money up front and going forward after that.I was on the airline side in aircraft maintenance for 16yrs.... Fulltime. I was making a little over $75k per year when I left. I'm 100% debt free, set up for my future retirement with where I'm working now + a healthy 401k. All is good. We are in the process of building a new home. We are lucky because this $$ is like a bonus to us. It will more then likely put a badass pool in the back yard with the new home being built. And some beer + hookers...
Unless you have young kids, a pool is a waste of money up front and going forward after that.
Just advice from experience.Thank you.
Just did the math on my offer and the discount rate is north of 7% - just as I forecasted.
Not sure why a few people took a jab at me... just read some of the postings -- using this money to pay down low-interest, tax-advantaged student loan & mortgage debt is a really, really bad idea. Remember, you're taking a 7% hit + paying a 10% penalty (yes, it still applies to student loans).
Like I said, I'm aware most people will take the money, simply because for many, it's more money than they've ever had in their life. Just be aware of the implications -- both short (tax & penalty -- the withholding may not be enough to cover this) and long-term (when you turn 65 and receive no check because you blew it 20 years ago on booze and hookers).
People jab at ya b/c you jab...
It's not that difficult to figure out. You sound like a tool. I'm sure you have the right answers & can stretch a dollar out. Good for you. I have done just fine in life without being a CPA. Good for me.
But you seem to be a real dueche bag...
Get all butt hurt b/c a few people don't jump on your wagon of the worlds most awesome financial advice. Give me a break.
I'm thinking you are the one that needs the beer & hookers more than anybody.
I'm done - I got what I needed out of this thread.
Just did the math on my offer and the discount rate is north of 7% - just as I forecasted.
Not sure why a few people took a jab at me... just read some of the postings -- using this money to pay down low-interest, tax-advantaged student loan & mortgage debt is a really, really bad idea. Remember, you're taking a 7% hit + paying a 10% penalty (yes, it still applies to student loans).
Like I said, I'm aware most people will take the money, simply because for many, it's more money than they've ever had in their life. Just be aware of the implications -- both short (tax & penalty -- the withholding may not be enough to cover this) and long-term (when you turn 65 and receive no check because you blew it 20 years ago on booze and hookers).
Got our $$ numbers almost exactly what the pension calculator stated. 1/2 of the future value . Questions to our tax attorney. Our concern is if we leave it and the pension changes
So here's the deal. As a 15 year pt sup I'm on track to receive about 715 at age 65. My buyout was roughly 30K. Its not a ton of money considering what it would be if I waited until 65 so I'm a little . I also realize that I was never really going to depend on a pension from UPS to do anything other than supplement me and my wives SS and 401K and savings. So the question that I'm having a hard time answering to myself is - do I take this "gift" of 30% of the lifetime value now and get myself better financially (I dont really need to do it, but it would take a ton of stress off me) and start putting money away like a madman in a year when I'm in a much better spot? Or let it sit.. I welcome questions and suggestions.
Woo hoo! Great!
THat'd almost pay off my house. Congrats!
Unless you have young kids, a pool is a waste of money up front and going forward after that.
Never adds value and eliminates some buyers with paranoid mothers.When I was married we bought a house with a 16' x 32' inground. It added zero to the value of the house when it came time for her to sell.
He is either very young or ... maybe he is not serious.Jaco----you need to set up a meeting with a financial adviser or CPA.