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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: 1470953" data-attributes="member: 47259"><p>I disagree. I lived in a state where I was not able to max out my 401k. On top of that I had already been at UPS 7 years before the 401k was even offered to us. Sure, I got to throw the thrift plan at the Class A UPS shares but still I got a slow start. I was lucky to be able to put 5% of my money in to the 401k. Not everyone can max their contributions like some of you.</p><p></p><p>Simply put, everyone's situation is different and in my situation my pension will out earn my 401k. I'm happy for you guys that have been able to throw 17% and more at your 401k. One other tidbit of information for you here. I'm not sure about if you can keep your self managed account after retiring, but you certainly cannot start one up after retiring. Maybe someone can enlighten us on that note. I tried to start the self managed account after retiring because I felt I had more time as a retiree to put the time into it. I tried it once while still working and felt at the time that I would use it after retiring and stopped it. Maybe someone will chime in here and fill in the blanks.</p><p></p><p>Not everyone gets to live in states where the property taxes aren't $6300.00 for a quarter acre of land and a 60 year old house. New Jersey is pricey to say the least to live in and when you couple that with a spend happy wife that has nothing to do but buy purses and shoes for 20 years...well you can see that my situation is quite different.</p></blockquote><p></p>
[QUOTE="Xexys, post: 1470953, member: 47259"] I disagree. I lived in a state where I was not able to max out my 401k. On top of that I had already been at UPS 7 years before the 401k was even offered to us. Sure, I got to throw the thrift plan at the Class A UPS shares but still I got a slow start. I was lucky to be able to put 5% of my money in to the 401k. Not everyone can max their contributions like some of you. Simply put, everyone's situation is different and in my situation my pension will out earn my 401k. I'm happy for you guys that have been able to throw 17% and more at your 401k. One other tidbit of information for you here. I'm not sure about if you can keep your self managed account after retiring, but you certainly cannot start one up after retiring. Maybe someone can enlighten us on that note. I tried to start the self managed account after retiring because I felt I had more time as a retiree to put the time into it. I tried it once while still working and felt at the time that I would use it after retiring and stopped it. Maybe someone will chime in here and fill in the blanks. Not everyone gets to live in states where the property taxes aren't $6300.00 for a quarter acre of land and a 60 year old house. New Jersey is pricey to say the least to live in and when you couple that with a spend happy wife that has nothing to do but buy purses and shoes for 20 years...well you can see that my situation is quite different. [/QUOTE]
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