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Brown Cafe UPS Forum
UPS Union Issues
Has our union proven themselves useless at this point?
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<blockquote data-quote="Xexys" data-source="post: 1470927" data-attributes="member: 47259"><p>You must've flunked math in grade school. You start with zero in your 401k, with a pension you start with a fixed amount, and that fixed amount is there every year, year after year. You supplement your pension with the 401k, you don't rely on the stock market to fund your retirement, it's just a bonus and the bonus is only paper until you realize it with real money when you take it out.</p><p></p><p>You speak like you want the company to pay you up front with your pension money that you may or may not live to see and then use that money to START your 401k. Nobody said anything about spouses helping here, this is a one person scenario.</p><p></p><p>Your 5-7 million between your wife and yourself is quite impressive, but hardly the norm here in the world of UPS wages when you take into account most of us have mortgages and car payments. It's funny, I had a rural route in neighborhoods with mostly half to three quarter million dollar homes. I never saw those people as they were both so busy with their jobs to pay for their mortgages.</p><p></p><p>Gone are the days when couples took out a mortgage for 30 years and never refinanced. With the divorce rate the way it is, I simply don't see it happening that most of these people pay off their houses in 20-30 years.</p><p></p><p>Your situation is not the norm and I'm happy for you but math is math and in no way is a 401k a better guaranteed investment than a guaranteed pension.</p></blockquote><p></p>
[QUOTE="Xexys, post: 1470927, member: 47259"] You must've flunked math in grade school. You start with zero in your 401k, with a pension you start with a fixed amount, and that fixed amount is there every year, year after year. You supplement your pension with the 401k, you don't rely on the stock market to fund your retirement, it's just a bonus and the bonus is only paper until you realize it with real money when you take it out. You speak like you want the company to pay you up front with your pension money that you may or may not live to see and then use that money to START your 401k. Nobody said anything about spouses helping here, this is a one person scenario. Your 5-7 million between your wife and yourself is quite impressive, but hardly the norm here in the world of UPS wages when you take into account most of us have mortgages and car payments. It's funny, I had a rural route in neighborhoods with mostly half to three quarter million dollar homes. I never saw those people as they were both so busy with their jobs to pay for their mortgages. Gone are the days when couples took out a mortgage for 30 years and never refinanced. With the divorce rate the way it is, I simply don't see it happening that most of these people pay off their houses in 20-30 years. Your situation is not the norm and I'm happy for you but math is math and in no way is a 401k a better guaranteed investment than a guaranteed pension. [/QUOTE]
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Has our union proven themselves useless at this point?
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