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Brown Cafe UPS Forum
UPS Retirement Topics
Buddy retired 5 years after his retirement date.
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<blockquote data-quote="olroadbeech" data-source="post: 4081795" data-attributes="member: 52145"><p>sorry but your math is way off. 1st. he can't put all that extra money in the 401k. healthcare for us is only $75. yes. his pension goes up maybe $500 a month. but he left 250k on the table by not retiring when could. it will take him 500 months to make that back. that is 40 years to break even.. same with social security. it takes 18 years to break even from collecting at 62 compared to 67.</p><p></p><p>plus he could have had another job if he wanted if he retired on time. collect 50k pension and then make 50-60-75k or more on top of that as long as it's not truck driving ( he was feeder ). maybe something more fun and less stress.</p><p></p><p>I have been retired 4 years. took a hobby and monetized it. first year made 20k only doing it a couple hours a day. next year 44k, next year a lot more. it has snowballed. I only work 2-3 -4 hours a day and don't even consider it work since it is a hobby. actually have turned down a ton of work so i can do other things.</p><p></p><p>i just don't understand why people work longer than they have to. most UPSers have careers of 30 plus years. if you haven't gotten your financial <img src="/community/styles/default/xenforo/smilies/group1/censored2.gif" class="smilie" loading="lazy" alt=":censored2:" title="Censored2 :censored2:" data-shortname=":censored2:" /> together by then, that's on you. </p><p></p><p>There are no guarantees you will live 25 years after you retire. live and enjoy in the now.</p></blockquote><p></p>
[QUOTE="olroadbeech, post: 4081795, member: 52145"] sorry but your math is way off. 1st. he can't put all that extra money in the 401k. healthcare for us is only $75. yes. his pension goes up maybe $500 a month. but he left 250k on the table by not retiring when could. it will take him 500 months to make that back. that is 40 years to break even.. same with social security. it takes 18 years to break even from collecting at 62 compared to 67. plus he could have had another job if he wanted if he retired on time. collect 50k pension and then make 50-60-75k or more on top of that as long as it's not truck driving ( he was feeder ). maybe something more fun and less stress. I have been retired 4 years. took a hobby and monetized it. first year made 20k only doing it a couple hours a day. next year 44k, next year a lot more. it has snowballed. I only work 2-3 -4 hours a day and don't even consider it work since it is a hobby. actually have turned down a ton of work so i can do other things. i just don't understand why people work longer than they have to. most UPSers have careers of 30 plus years. if you haven't gotten your financial :censored: together by then, that's on you. There are no guarantees you will live 25 years after you retire. live and enjoy in the now. [/QUOTE]
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Buddy retired 5 years after his retirement date.
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