Reply to thread

Message

<blockquote data-quote="BaSEless" data-source="post: 4862754" data-attributes="member: 83412">The advice to &quot;run the numbers&quot; is dead on.&nbsp; I&#039;ve been retired for several years so I don&#039;t know if anything has changed on the calculator but if you are married there are different options on what kind of pension payout you can take.&nbsp; Some options take only you into account and others actuarially consider you and your spouse The payout results depend on your age, your spouses age and even your birth month.&nbsp; I ran the calcs for each month of the year for retirement and it would go up or down depending on who was a year older that month.&nbsp; So for the choices we made for the pension payout there were certain months of the year that made sense to retire and others where the monthly pension would actually go down.&nbsp; This, of course, has to be factored in with the annual resets that came - another MIP, vacations, etc.&nbsp; I&#039;m not sure how those are being granted now so they may not be a factor like they used to.There is, of course, also the mental health aspect of working at UPS for another year.&nbsp; That is not trivial.&nbsp; As you get older you start thinking things like &quot;how do I want to spend the next year of my life?&quot; knowing there are less of those ahead of you than there used to be.Good luck.</blockquote>

[QUOTE="BaSEless, post: 4862754, member: 83412"] The advice to "run the numbers" is dead on. I've been retired for several years so I don't know if anything has changed on the calculator but if you are married there are different options on what kind of pension payout you can take. Some options take only you into account and others actuarially consider you and your spouse The payout results depend on your age, your spouses age and even your birth month. I ran the calcs for each month of the year for retirement and it would go up or down depending on who was a year older that month. So for the choices we made for the pension payout there were certain months of the year that made sense to retire and others where the monthly pension would actually go down. This, of course, has to be factored in with the annual resets that came - another MIP, vacations, etc. I'm not sure how those are being granted now so they may not be a factor like they used to. There is, of course, also the mental health aspect of working at UPS for another year. That is not trivial. As you get older you start thinking things like "how do I want to spend the next year of my life?" knowing there are less of those ahead of you than there used to be. Good luck. [/QUOTE]

Verification