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Brown Cafe UPS Forum
UPS Union Issues
Bye Bye Pension and Hello to matching 401k coming in 2023?
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<blockquote data-quote="Dracula" data-source="post: 3729903" data-attributes="member: 42691"><p>That's great, if you are working off of the assumption that those participants added nothing to those balances since 2007. But we probably know that's not the case.</p><p></p><p>As far as your example of buying low, that's great too. But there is an enormous difference between buying low when you start there, and buying low because that's where you ended up. The guy who starts there has a huge advantage because he's starting from zero. The guy that ended there is working off a negative. And he might go positive, but he's got a massive difference to make up before he ends up at his water level.</p><p></p><p>Honestly, I've got no desire to argue with you, but I lost $90,000 in 2008, and even with my increased deductions and increased earnings, I'm nowhere near I should be. You can argue with that, if you want, but those are the facts, and I haven't lowered my risk.</p></blockquote><p></p>
[QUOTE="Dracula, post: 3729903, member: 42691"] That's great, if you are working off of the assumption that those participants added nothing to those balances since 2007. But we probably know that's not the case. As far as your example of buying low, that's great too. But there is an enormous difference between buying low when you start there, and buying low because that's where you ended up. The guy who starts there has a huge advantage because he's starting from zero. The guy that ended there is working off a negative. And he might go positive, but he's got a massive difference to make up before he ends up at his water level. Honestly, I've got no desire to argue with you, but I lost $90,000 in 2008, and even with my increased deductions and increased earnings, I'm nowhere near I should be. You can argue with that, if you want, but those are the facts, and I haven't lowered my risk. [/QUOTE]
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Bye Bye Pension and Hello to matching 401k coming in 2023?
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