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 Retirement Topics
Anyone out there drawing a monthly stipend from their Teamster/UPS 401K?
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="olroadbeech" data-source="post: 3434262" data-attributes="member: 52145"><p>thanks.</p><p></p><p>i pointed out that these were historical averages and that we could lose money in that period. going by the rule of 72 the money invested would almost double in 8 years assuming a 8% return.</p><p></p><p>your figure of 336 is probably more accurate as i was just figuring off the top of my head. was not using calculators and did mention that the 400k number would be lower factoring in taxes.</p><p></p><p>we have been retired nearly 3 years and have yet to touch the 401k which has grown considerably in these 3 years. getting along fine with pension so far, better than expected. we made a detailed budget before retiring and even added 20% for contingencies. the only thing we got wrong was medical expenses. we are paying slightly more for prescriptions and doctors than we thought.</p><p></p><p>also starting SS in July. another 2500 a month. we did not depend on SS or the 401k to live on. the pension and cash savings was what we planned on. even if the pension went bust, with the house being paid off , the cash would get us thru.</p><p></p><p>in the event of an end of world happening, we still have our guns. and a couple zombiemobiles.</p></blockquote><p></p>
[QUOTE="olroadbeech, post: 3434262, member: 52145"] thanks. i pointed out that these were historical averages and that we could lose money in that period. going by the rule of 72 the money invested would almost double in 8 years assuming a 8% return. your figure of 336 is probably more accurate as i was just figuring off the top of my head. was not using calculators and did mention that the 400k number would be lower factoring in taxes. we have been retired nearly 3 years and have yet to touch the 401k which has grown considerably in these 3 years. getting along fine with pension so far, better than expected. we made a detailed budget before retiring and even added 20% for contingencies. the only thing we got wrong was medical expenses. we are paying slightly more for prescriptions and doctors than we thought. also starting SS in July. another 2500 a month. we did not depend on SS or the 401k to live on. the pension and cash savings was what we planned on. even if the pension went bust, with the house being paid off , the cash would get us thru. in the event of an end of world happening, we still have our guns. and a couple zombiemobiles. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Anyone out there drawing a monthly stipend from their Teamster/UPS 401K?
Top