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<blockquote data-quote="30yearstolife" data-source="post: 1321495"><p>So...</p><p></p><p><span style="color: #b30000"><span style="font-size: 18px">How much is that pat on the back worth, when you skip your lunch or set up your truck off the clock?</span></span></p><p></p><p>If you did not skip your lunch, and instead invested that $49.50 (1 hour) in overtime into your 401k in stocks, you might be surprised...</p><p></p><p><strong><span style="font-size: 15px">Over your career you are handing UPS nearly </span><span style="font-size: 18px"><span style="color: #006600">3 million dollars </span>! </span> </strong></p><p></p><p>You can see the number below. I assumed a conservative 8% return on investment in stocks (historically 9-10% long term). Also I assumed 3% annual raises (conservative compared to historical increases)</p><p>One hour of overtime pay at $32.99 per hour, 5 days a week.</p><p></p><p><strong><span style="font-size: 18px">Your total is $2,986,746</span> after 35 years.</strong></p><p><strong></strong></p><p>I hope you enjoy that 3 million dollar pat on the back, you earned it.</p><p>You are cheating your family out of this money and handing it to the fat cats at the top.</p><p>United Parcel Service Co. gave its chairman and CEO, D Scott Davis compensation valued at <strong>$10.7 million</strong> in 2012. (4 year business degree Portland State)</p><p><a href="http://www.bankrate.com/calculators/retirement/401-k-retirement-calculator.aspx" target="_blank">http://www.bankrate.com/calculators/retirement/401-k-retirement-calculator.aspx</a></p></blockquote><p></p>
[QUOTE="30yearstolife, post: 1321495"] So... [COLOR=#b30000][SIZE=5]How much is that pat on the back worth, when you skip your lunch or set up your truck off the clock?[/SIZE][/COLOR] If you did not skip your lunch, and instead invested that $49.50 (1 hour) in overtime into your 401k in stocks, you might be surprised... [B][SIZE=4]Over your career you are handing UPS nearly [/SIZE][SIZE=5][COLOR=#006600]3 million dollars [/COLOR]! [/SIZE] [/B] You can see the number below. I assumed a conservative 8% return on investment in stocks (historically 9-10% long term). Also I assumed 3% annual raises (conservative compared to historical increases) One hour of overtime pay at $32.99 per hour, 5 days a week. [B][SIZE=5]Your total is $2,986,746[/SIZE] after 35 years. [/B] I hope you enjoy that 3 million dollar pat on the back, you earned it. You are cheating your family out of this money and handing it to the fat cats at the top. United Parcel Service Co. gave its chairman and CEO, D Scott Davis compensation valued at [B]$10.7 million[/B] in 2012. (4 year business degree Portland State) [URL]http://www.bankrate.com/calculators/retirement/401-k-retirement-calculator.aspx[/URL] [/QUOTE]
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