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Your Pension Thoughts
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<blockquote data-quote="The Milkman" data-source="post: 816698" data-attributes="member: 22760"><p>Most people like myself start a job without really thinking 25-30 yrs ahead. A pension is a benefit along with wages that will help you make the decision of working at company or not.</p><p>You have enough money..well that's fine but most of us have debt of one sort or another although I knew many that started living at home with mom and dad paying little or no rent or are single and live simple and save and save and of course those folks will end up with a nice bag of cash.</p><p> </p><p>My best move was to start putting into the 401k when it was offered and by the time I started Ups , I was just getting my 2nd divorce $$$ Child Support $$$ along with lawyers fees 25k $$$ and a handicapped son who to this day needs extra help $$$ So not every one can boast of having no debt etc etc.</p><p> </p><p>I played my cards the best I could and with or without the 401k my pension has made my life and others better as an addition to what you may or may not be able to save over your carrer.</p><p> </p><p>I knew 1 driver who was an only child who paid his folks I believe 2-300 a month for yrs and yrs.. He was heavy drinker and it took a while before he got married, probably 40 or so.....What do his parents do?? Give him all his rent money he paid them over the yrs I believe it was 50-60 K $$.. Buys a house, Mom dies a few yrs later...Dad dies few yrs after that..Guess who gets all the $$$ from the estate?? He is set when he retires in yr or two from now..He did not have brothers or sisters, no ex-wives etc etc so now he sits pretty and the pension is like in your case icing on the cake.</p><p> </p><p>So the majority of people will not have this kind of so called windfall later in life, I know I got nothing.. More power to people whose lives work out well in the long run, if you don't need the money if you are in such good shape then why not help the pension as you will also benefit from it someday , If this was a perfect world we would not be in this position. If I lived like hermit and miser my whole life and stashed my $$ I would have alot..or they would find me dead somewhere living in a run down house surprised to know I was a millionaire living so simple. We go around once and all the $$ in the world will not make you live a day longer or buy you time..</p><p> </p><p>I know people who live in a million $$ home and they are nervous about everything, can't retire early etc, I left at 55 and I told them If I could do it they could do it..I have so far a 3 year head start on them.. I sleep good at night because I dont have that much $$ to worry about.</p><p> </p><p>If you have 25 yrs in then it would seem you would be close to getting it and I believe you would accept it and be thankful as it will be a good addition to all your other holdings, When I retired I told everyone that when I hang it up I will NOT work ever again..Retired means Retired..<img src="/community/styles/default/xenforo/smilies/FeltTip/peaceful.png" class="smilie" loading="lazy" alt=":peaceful:" title="Peaceful :peaceful:" data-shortname=":peaceful:" /></p></blockquote><p></p>
[QUOTE="The Milkman, post: 816698, member: 22760"] Most people like myself start a job without really thinking 25-30 yrs ahead. A pension is a benefit along with wages that will help you make the decision of working at company or not. You have enough money..well that's fine but most of us have debt of one sort or another although I knew many that started living at home with mom and dad paying little or no rent or are single and live simple and save and save and of course those folks will end up with a nice bag of cash. My best move was to start putting into the 401k when it was offered and by the time I started Ups , I was just getting my 2nd divorce $$$ Child Support $$$ along with lawyers fees 25k $$$ and a handicapped son who to this day needs extra help $$$ So not every one can boast of having no debt etc etc. I played my cards the best I could and with or without the 401k my pension has made my life and others better as an addition to what you may or may not be able to save over your carrer. I knew 1 driver who was an only child who paid his folks I believe 2-300 a month for yrs and yrs.. He was heavy drinker and it took a while before he got married, probably 40 or so.....What do his parents do?? Give him all his rent money he paid them over the yrs I believe it was 50-60 K $$.. Buys a house, Mom dies a few yrs later...Dad dies few yrs after that..Guess who gets all the $$$ from the estate?? He is set when he retires in yr or two from now..He did not have brothers or sisters, no ex-wives etc etc so now he sits pretty and the pension is like in your case icing on the cake. So the majority of people will not have this kind of so called windfall later in life, I know I got nothing.. More power to people whose lives work out well in the long run, if you don't need the money if you are in such good shape then why not help the pension as you will also benefit from it someday , If this was a perfect world we would not be in this position. If I lived like hermit and miser my whole life and stashed my $$ I would have alot..or they would find me dead somewhere living in a run down house surprised to know I was a millionaire living so simple. We go around once and all the $$ in the world will not make you live a day longer or buy you time.. I know people who live in a million $$ home and they are nervous about everything, can't retire early etc, I left at 55 and I told them If I could do it they could do it..I have so far a 3 year head start on them.. I sleep good at night because I dont have that much $$ to worry about. If you have 25 yrs in then it would seem you would be close to getting it and I believe you would accept it and be thankful as it will be a good addition to all your other holdings, When I retired I told everyone that when I hang it up I will NOT work ever again..Retired means Retired..:peaceful: [/QUOTE]
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