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UPS Union Issues
Has our union proven themselves useless at this point?
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<blockquote data-quote="Xexys" data-source="post: 1470943" data-attributes="member: 47259"><p>I understand the concept of compounding interest. You're mixing apples with oranges here. You must take the two and separate them then maybe you'll understand what I'm trying to say here. Not only that, but in your scenario you would be subjecting your guaranteed pension money to losses.</p><p></p><p>Hell, I don't think many people are as aggressive as I was and still am with my allocations of my 401k. I'm a gambler and all my monies are in blue chips and always have been since I started. It has served me well but it's still just a number until I take the money out.</p><p></p><p>I made a huge mistake of marrying a women that was high maintenance. After my divorce, I had to make a deal with her and that deal required me to buy her out of her debt. Mind you, she bought my deal (dumb girl) and I ended up with everything but had to pay down her secret credit cards which forced me to refinance. I don't think I'm the only one at UPS that has/had been put in this same scenario. Many men I know throughout my career got divorces with not such a deal as mine. Lucky thing for me was I knew she was cheating on me and I figured she would buy the bait I flashed in front of her and she did. I kept the house, my full pension and all of my 401k just because she was afraid I would out her in court of her infidelities. I made out like a fat rat! Plus, she didn't fight me at all as we did our divorce all from online. Dang thing only cost me $526.00!</p><p></p><p>Now I live in a different state, rent out my home in my last state which covers the refinanced mortgage and the RV you see in my avatar. Not quite 5-7 million like you but with my steady income of my pension I will be able to hold onto my 401k until I'm forced to take it out when I turn 70 and a half. Compounding interest is a beautiful thing indeed!</p></blockquote><p></p>
[QUOTE="Xexys, post: 1470943, member: 47259"] I understand the concept of compounding interest. You're mixing apples with oranges here. You must take the two and separate them then maybe you'll understand what I'm trying to say here. Not only that, but in your scenario you would be subjecting your guaranteed pension money to losses. Hell, I don't think many people are as aggressive as I was and still am with my allocations of my 401k. I'm a gambler and all my monies are in blue chips and always have been since I started. It has served me well but it's still just a number until I take the money out. I made a huge mistake of marrying a women that was high maintenance. After my divorce, I had to make a deal with her and that deal required me to buy her out of her debt. Mind you, she bought my deal (dumb girl) and I ended up with everything but had to pay down her secret credit cards which forced me to refinance. I don't think I'm the only one at UPS that has/had been put in this same scenario. Many men I know throughout my career got divorces with not such a deal as mine. Lucky thing for me was I knew she was cheating on me and I figured she would buy the bait I flashed in front of her and she did. I kept the house, my full pension and all of my 401k just because she was afraid I would out her in court of her infidelities. I made out like a fat rat! Plus, she didn't fight me at all as we did our divorce all from online. Dang thing only cost me $526.00! Now I live in a different state, rent out my home in my last state which covers the refinanced mortgage and the RV you see in my avatar. Not quite 5-7 million like you but with my steady income of my pension I will be able to hold onto my 401k until I'm forced to take it out when I turn 70 and a half. Compounding interest is a beautiful thing indeed! [/QUOTE]
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