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Is Central States pension fund ready to go under?
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<blockquote data-quote="area43" data-source="post: 233222" data-attributes="member: 4862"><p>Krash, this is a follow up to Permalink #296. Some of the other benefits of cutting out the middle man. As of now we only get 40 cents to every dollar UPS puts in the fund. With this you would get the full dollar amount. One thing about the 401k, there is a yearly max amount which is $15,400 dollars you can put in. I hit that limit in early Dec. If I was in the CS plan I would CHOOSE to put mine in a Roth IRA. Imagine, that folks. Lets do some math. 401k = $15,400 plus possible earnings Roth IRA = I,ll use $214 a week = $856 month = 10 grand(roughly) plus earnings. Lets again say were very conservative and get 2% on both funds that would be a total of 26 grand(roughly) a year for your BIG nest egg. Multiply that lets say by 5 years and you would have a grand total of $130,000 dollars. Wow!!!!!!!!!! and thats a highly conservative number. Fixed rate of return. Hmmmmm , Lets do some more math. 25 years at any age. Sounds good. Excited. LOL. Ok, 130 grand = 5 yrs. 5 Times 130 grand is a grand total of $650,000 dollars. Folks are you starting to see the light. Jon, how about those numbers. Jon and those numbers are indisputable. No, hanky panky. ( :</p><p> </p><p>To all those BIG MEP supporters do you see why thats a failed way to do pensions. I have another idea, Jon, your not in the CS Plan. I have a question for you, but I know you wont answer it. Jon would you go aboard the CS titanic? Walk the talk, per say or would you be like the guy in the movie that sneaked on one of the lifeboats denying one of the woman or children a sit on the boat. Jon you should be ashamed of yourself. Preaching to your last breath that the CS titanic is unsinkable.</p><p> </p><p>Jon and Red If you so desire to stay on the CS titanic we will give you that option. Lets do this. Anyone who wants to stay in the MEP can do so. Those that want to leave and do the "Cut out the Middle Man" Way. Than that is what will do. Choice, that's what its all about. Let freedom ring. CS ers there is a light at the end of the tunnel and its not a train. Sincerely area43</p></blockquote><p></p>
[QUOTE="area43, post: 233222, member: 4862"] Krash, this is a follow up to Permalink #296. Some of the other benefits of cutting out the middle man. As of now we only get 40 cents to every dollar UPS puts in the fund. With this you would get the full dollar amount. One thing about the 401k, there is a yearly max amount which is $15,400 dollars you can put in. I hit that limit in early Dec. If I was in the CS plan I would CHOOSE to put mine in a Roth IRA. Imagine, that folks. Lets do some math. 401k = $15,400 plus possible earnings Roth IRA = I,ll use $214 a week = $856 month = 10 grand(roughly) plus earnings. Lets again say were very conservative and get 2% on both funds that would be a total of 26 grand(roughly) a year for your BIG nest egg. Multiply that lets say by 5 years and you would have a grand total of $130,000 dollars. Wow!!!!!!!!!! and thats a highly conservative number. Fixed rate of return. Hmmmmm , Lets do some more math. 25 years at any age. Sounds good. Excited. LOL. Ok, 130 grand = 5 yrs. 5 Times 130 grand is a grand total of $650,000 dollars. Folks are you starting to see the light. Jon, how about those numbers. Jon and those numbers are indisputable. No, hanky panky. ( : To all those BIG MEP supporters do you see why thats a failed way to do pensions. I have another idea, Jon, your not in the CS Plan. I have a question for you, but I know you wont answer it. Jon would you go aboard the CS titanic? Walk the talk, per say or would you be like the guy in the movie that sneaked on one of the lifeboats denying one of the woman or children a sit on the boat. Jon you should be ashamed of yourself. Preaching to your last breath that the CS titanic is unsinkable. Jon and Red If you so desire to stay on the CS titanic we will give you that option. Lets do this. Anyone who wants to stay in the MEP can do so. Those that want to leave and do the "Cut out the Middle Man" Way. Than that is what will do. Choice, that's what its all about. Let freedom ring. CS ers there is a light at the end of the tunnel and its not a train. Sincerely area43 [/QUOTE]
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