Reply to thread

Message

<blockquote data-quote="Karma..." data-source="post: 5069280" data-attributes="member: 29370"><p>the match 401k is outstanding.....the 401k is portable....2022 has nothing to do with the 401k contributions......2022 is the curtailment of added contributions to peoples defined pensions .....after 35years in ones defined pensions payout got less and less........at some point there will be no defined pension with the older people dying off.....no company wants a defined pension being too expensive..thus portable 401ks........one of these days the teamsters will alter theirs ....its the smart decision......I was in the thrift plan and when it was discontinues I rolled it into ups stock....a brilliant move if I say so myself.....that alone is now just under 950,000 dollars.....add my social security, pension, ups stock and all the dividends.....its important to invest in a great company..........buy and hold.......dont sell the principals.....live off the dividends.........I do not see the teamster stock doing much.......ups makes money and employees are a part of it.....too bad the company and union cant/won&#039;t work together and everyone make money......those who work for just an hourly wage are being mislead by the union.....too bad....tripping over hundreds to get a nickel.......rheteric of either group is just propaganda .....good luck to all....</p></blockquote><p></p>

[QUOTE="Karma..., post: 5069280, member: 29370"] the match 401k is outstanding.....the 401k is portable....2022 has nothing to do with the 401k contributions......2022 is the curtailment of added contributions to peoples defined pensions .....after 35years in ones defined pensions payout got less and less........at some point there will be no defined pension with the older people dying off.....no company wants a defined pension being too expensive..thus portable 401ks........one of these days the teamsters will alter theirs ....its the smart decision......I was in the thrift plan and when it was discontinues I rolled it into ups stock....a brilliant move if I say so myself.....that alone is now just under 950,000 dollars.....add my social security, pension, ups stock and all the dividends.....its important to invest in a great company..........buy and hold.......dont sell the principals.....live off the dividends.........I do not see the teamster stock doing much.......ups makes money and employees are a part of it.....too bad the company and union cant/won't work together and everyone make money......those who work for just an hourly wage are being mislead by the union.....too bad....tripping over hundreds to get a nickel.......rheteric of either group is just propaganda .....good luck to all.... [/QUOTE]

Verification