Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Would you rather?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Brownslave688" data-source="post: 1367643" data-attributes="member: 34439"><p>Holy cow that's nuts. I think it's around $300 here. May be $350 or so by the end of the contract. </p><p></p><p>There are a few problems I see with pensions and SS as I see it. For one you're punishing the fiscally responsible to take care of the others. Two you can't be overly aggressive because someone is always drawing money out. Three because someone is always drawing money out when there is a depression it drains the bank quick. </p><p></p><p>If I personally am drawing money out and a depression hits I can choose to draw out less until my account recovers. The pension can't do that. My 401k (while not huge and I was actively adding money at the time)recovered from the recession in under 2 years. The pension is just now recovering because they were actively drawing money out the entire time.</p></blockquote><p></p>
[QUOTE="Brownslave688, post: 1367643, member: 34439"] Holy cow that's nuts. I think it's around $300 here. May be $350 or so by the end of the contract. There are a few problems I see with pensions and SS as I see it. For one you're punishing the fiscally responsible to take care of the others. Two you can't be overly aggressive because someone is always drawing money out. Three because someone is always drawing money out when there is a depression it drains the bank quick. If I personally am drawing money out and a depression hits I can choose to draw out less until my account recovers. The pension can't do that. My 401k (while not huge and I was actively adding money at the time)recovered from the recession in under 2 years. The pension is just now recovering because they were actively drawing money out the entire time. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Would you rather?
Top