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Brown Cafe UPS Forum
UPS Union Issues
80¢ raise
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<blockquote data-quote="Just A UPS Guy" data-source="post: 4565259" data-attributes="member: 73174"><p>Your math is solid, except, when applied to our real-world situation it's a bit ambitious. We don't get 10% raises, more like around 2%.</p><p></p><p>So, you throw in some OT and you have about a $40 raise. Up your contribution 1% and you can see both 401k and your wallet grow, but it's far less dramatic than your example for sure. </p><p></p><p>That said, put it in a 457 or something similar so you can get to it if needed before you're 59.5 without penalty. The company doesn't match anything, so you don't lose anything by choosing your own investment track.</p></blockquote><p></p>
[QUOTE="Just A UPS Guy, post: 4565259, member: 73174"] Your math is solid, except, when applied to our real-world situation it's a bit ambitious. We don't get 10% raises, more like around 2%. So, you throw in some OT and you have about a $40 raise. Up your contribution 1% and you can see both 401k and your wallet grow, but it's far less dramatic than your example for sure. That said, put it in a 457 or something similar so you can get to it if needed before you're 59.5 without penalty. The company doesn't match anything, so you don't lose anything by choosing your own investment track. [/QUOTE]
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80¢ raise
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