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UPS Partners
Management Retirement
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<blockquote data-quote="Catatonic" data-source="post: 1518831" data-attributes="member: 7966"><p>I know several people that started withdrawing from their 401k in their early 50's.</p><p>59 1/2 is one of those Urban legends.</p><p>The reason for the 401k versus pension is to decrease UPS financial liability and to encourage people to leave when they get burned out and not motivated.</p><p>As far as a UPS retirement ... for those group of people you are referencing, there is no retirement from UPS. You quit when you quit.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1518831, member: 7966"] I know several people that started withdrawing from their 401k in their early 50's. 59 1/2 is one of those Urban legends. The reason for the 401k versus pension is to decrease UPS financial liability and to encourage people to leave when they get burned out and not motivated. As far as a UPS retirement ... for those group of people you are referencing, there is no retirement from UPS. You quit when you quit. [/QUOTE]
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