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Why should one retire from UPS?
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<blockquote data-quote="beentheredonethat" data-source="post: 649909" data-attributes="member: 4886"><p>When I was younger, I thought that once I hit 55 I'd be out of here, no questions asked. I think now, just knowing that the pressure is gone when you are 55 would be a big benefit. By that I mean, you really can't get fired, worst case is you retire which you may have done anyways. My dad had a similar decision when he was close to retirement. He looked at what he'd take in on a pension, vs what he would make working. For him, the difference was about $4/hr (granted that was 1981). He figured he didn't need the money (he didn't), and even if he did, we could get a job making that money easy, or just work PT and "make" the same money. Thinking back on it now, because he retired early, he and I had a lot more father\son time, (I was in High school). We played a lot of golf (almost every day) back those few years. I really appreciated it now. </p><p> </p><p>For me, when I hit 55, I'll be 2 years from having my house payed off, my son will be a Jr in college. I hope I'll save enough to be able to retire by then. I'm hoping, worst case to be gone at 57 years old. I'll have no house payment, my son will be out of college and paid for. All my bills should be minimized by then. Now it's time to enjoy life. But I'll find out in another 12 years what my decision will be. I'm sure by then, the pension plan will be "enhanced".</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 649909, member: 4886"] When I was younger, I thought that once I hit 55 I'd be out of here, no questions asked. I think now, just knowing that the pressure is gone when you are 55 would be a big benefit. By that I mean, you really can't get fired, worst case is you retire which you may have done anyways. My dad had a similar decision when he was close to retirement. He looked at what he'd take in on a pension, vs what he would make working. For him, the difference was about $4/hr (granted that was 1981). He figured he didn't need the money (he didn't), and even if he did, we could get a job making that money easy, or just work PT and "make" the same money. Thinking back on it now, because he retired early, he and I had a lot more father\son time, (I was in High school). We played a lot of golf (almost every day) back those few years. I really appreciated it now. For me, when I hit 55, I'll be 2 years from having my house payed off, my son will be a Jr in college. I hope I'll save enough to be able to retire by then. I'm hoping, worst case to be gone at 57 years old. I'll have no house payment, my son will be out of college and paid for. All my bills should be minimized by then. Now it's time to enjoy life. But I'll find out in another 12 years what my decision will be. I'm sure by then, the pension plan will be "enhanced". [/QUOTE]
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