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Brown Cafe UPS Forum
UPS Retirement Topics
UPS Special Pension Buyout Offer - December 2016
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<blockquote data-quote="PiedmontSteward" data-source="post: 2378471" data-attributes="member: 42270"><p>I agree, its a stock market scam. But how do you think pensions are funded? They can afford to be a little more conservative than 401k plans as long as there are more active participants (people who the company is paying in on behalf of) than retirees but that money still has to grow somehow. </p><p></p><p>The fees in the UPS/IBT 401k plan are quite a bit cheaper than other plans and the plan revolves around index funds. Index funds consistently perform equal to (or even better) than actively-managed plans. I'd recommend watching John Oliver's expose on 401k's: </p><p></p><p>[MEDIA=youtube]gvZSpET11ZY[/MEDIA]</p></blockquote><p></p>
[QUOTE="PiedmontSteward, post: 2378471, member: 42270"] I agree, its a stock market scam. But how do you think pensions are funded? They can afford to be a little more conservative than 401k plans as long as there are more active participants (people who the company is paying in on behalf of) than retirees but that money still has to grow somehow. The fees in the UPS/IBT 401k plan are quite a bit cheaper than other plans and the plan revolves around index funds. Index funds consistently perform equal to (or even better) than actively-managed plans. I'd recommend watching John Oliver's expose on 401k's: [MEDIA=youtube]gvZSpET11ZY[/MEDIA] [/QUOTE]
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UPS Special Pension Buyout Offer - December 2016
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