Over70irregs
Well-Known Member
With spouse and cost of living increasing you need more than pension.
Who put their UPS stub online? C’mon bro 🤦♀️…….
- Thread starter Over70irregs
- Start date
raining parcels
Member
Weird flex
ManInBrown
Well-Known Member
Anyone have any insight into this? In the beginning of the year I was paying roughly 29%-32% in total withholdings weekly of course based on weekly pay. I check every week. For about the last 2-3 months every week its no more than 28% no matter how much OT. I’ve never seen that before. Did I meet some threshold where I’ve paid a certain amount already so it’s been automatically knocked down? I can’t imagine that’s the case.
Spousal inflation is getting out of hand.
Wally
BrownCafe Innovator & King of Puns
Why assume someone doing what they love but earning less is getting screwed? That is just plain stupid.
Plenty of highly paid UPS drivers that hate their lives. Every day for them is misery. That is what I called screwed.
Sacrificial Lamb
Package Shepherd
That’s the goal. But tbh I rather give a little more than owe. It gets hard calculating the proper withholding since the hours are never consistent.
Sacrificial Lamb
Package Shepherd
Thebrownblob
Well-Known Member
Never get high on your own supplyShould be able to get double dues out of those stoners. They’re tooed up to notice.
Trucker Clock
Well-Known Member
Not really. If you have everything paid off before you retire, you can live comfortably on the pension in the West. Unless you are an overtime whore, you'll collect almost as much as when you were working.
Add Social Security... and you will be making the same retired as working.
Zowert
Well-Known Member
Going off what I made as a joint filer last year, I had about the same being deducted. Made just a tad over $100k and got a whopping $300 return.
You don't have to invest your money at work. In fact a lot of times it's better not to invest at work.
He wasn't talking to me...lots of the runners here don’t even get 8 hrs mon-fri , then they come in Saturday. SO YEAH PUNK IT COULD BE 6 DAYS .
Watch how you talk to a SENIOR RPCD
PoirotAtUPS
Well-Known Member
Good catch - I was too busy thinking what a tool to post a paystub and missed they idiocy of not contributing to the 401K.Putting nothing towards that retirement as well. What a
It’s absurd.
A 10% (at minimum) tax break that tends to grow at 10% annually and they are somehow happy with a $1,000 tax refund thinking the government is giving them free money. Free money are these tax credits and breaks.
I just realized the vast majority in America don’t know how taxes here work.
I tried to get a buddy who was PT just out of college who was getting by at $19,000/year. He refused to take part in the retirement savings program. Instead he would claim zero, have an extra $30 withheld out of each paycheck, and would essentially get a $1500 tax rebate come tax time.
What could’ve been was him using that extra $30 that was withheld and throw it in a 401k. By years end he would have a near $1,000 tax credit offsetting any liability
The first guy is saving zero, getting $30 less per paycheck, but getting back about $1200 (after owing nearly $400 in taxes)
Person 2 is getting more every week and also getting a $750 tax credit
Never give the government free interest for a year ( withholding too much)
Then again, I don’t feel the teamsters or union or ups truly mentions we even have a 401k available at ups. It’s true they don’t match but the tax breaks along with the index fund growth is free money.
Over70irregs
Well-Known Member
Lordy yes. No wonder famous folks are calling it……
Over70irregs
Well-Known Member
Have you checked the spousal pension options?
BigUnionGuy
Got the T-Shirt
Section 3. Tax Deferred Savings Plan 401(k)
"The Employer and the Union agree to continue the Teamster UPS National 401(k) Tax Deferred Savings Plan. The Employer shall pay the record-keeping expense for the Plan.
It is further agreed, by the Union and the Employer, that the Employer shall withhold from an employee’s earnings, amounts mutually agreed between the Employer and the employee, and deposit such monies into a 401(k) account in the employee’s name in compliance with the Internal Revenue Code and E.R.I.S.A.This Plan will be jointly administered by the Union and the Employer."
UPS Agreements, 2018 – 2023
The following links are to PDF files of the printed contract books. These documents are also available, in searchable format, on the UPS Rising app, available o
teamster.org
It's not like it isn't in the contract.... people need to realize the Union is not a babysitter.
Trucker Clock
Well-Known Member
That’s a bad option. A life insurance policy is a far better option. Especially if you take it out early enough.
Over70irregs
Well-Known Member
Costs more as you age
