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UPS Retirement Topics
401k vs pension
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<blockquote data-quote="Cezanne" data-source="post: 88309" data-attributes="member: 5104"><p>The problem we all have to face is that for the most part we do not have control of our future retirement, just too many factors involved. Social Security and Medical are being depleted in much the same way as our retirement plans are, not enough younger base participants in america today. The baby boomers after WWII will be affected, trying not to be politically correct but consider Roe V Wade 30 years ago, is it not a fair assumption that we may have been killing off our future workforce over the last 3 decades. Think about it, trust funds are based on a pryamid system of more participants paying for the benefits.</p><p> </p><p>The 401K plans are going to be taxed, by how much and when you become eligible is at the best interest of the federal government. At UPS if you are a teamster you do not have a match 40lk, most investors generally state that you do not max out one that does not. Any investment is determined by the returns, so if the stock market, bond market, etc takes a nose dive you hope you will at least break even. </p><p> </p><p>The Central States fund will be cut again, probadly after the international's election with the blame being put on the pension reform bill, you may have a window of a year but thinking that can be changed also. If things go really bad all retirees will be affected, laws can be changed as we all have seen before<img src="/community/styles/default/xenforo/smilies/group1/w00t.gif" class="smilie" loading="lazy" alt=":w00t:" title="W00t :w00t:" data-shortname=":w00t:" /> </p><p> </p><p>Bottom line is that you can not depend on anything in the future and never will. Not trying to be negative but more realistic than the retirement before 50 concept, you see the forces that be DO NOT WANT THIS TO HAPPEN. They want you to continue to stay in these plans for a every long time, and they have the power to do it.</p><p> </p><p>Good Luck...<img src="/community/styles/default/xenforo/smilies/group1/cool.gif" class="smilie" loading="lazy" alt=":cool:" title="Cool :cool:" data-shortname=":cool:" /></p></blockquote><p></p>
[QUOTE="Cezanne, post: 88309, member: 5104"] The problem we all have to face is that for the most part we do not have control of our future retirement, just too many factors involved. Social Security and Medical are being depleted in much the same way as our retirement plans are, not enough younger base participants in america today. The baby boomers after WWII will be affected, trying not to be politically correct but consider Roe V Wade 30 years ago, is it not a fair assumption that we may have been killing off our future workforce over the last 3 decades. Think about it, trust funds are based on a pryamid system of more participants paying for the benefits. The 401K plans are going to be taxed, by how much and when you become eligible is at the best interest of the federal government. At UPS if you are a teamster you do not have a match 40lk, most investors generally state that you do not max out one that does not. Any investment is determined by the returns, so if the stock market, bond market, etc takes a nose dive you hope you will at least break even. The Central States fund will be cut again, probadly after the international's election with the blame being put on the pension reform bill, you may have a window of a year but thinking that can be changed also. If things go really bad all retirees will be affected, laws can be changed as we all have seen before:w00t: Bottom line is that you can not depend on anything in the future and never will. Not trying to be negative but more realistic than the retirement before 50 concept, you see the forces that be DO NOT WANT THIS TO HAPPEN. They want you to continue to stay in these plans for a every long time, and they have the power to do it. Good Luck...:cool: [/QUOTE]
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