New Video! Is the buyout even worth it?

[IVE GOTTA PACKAGE 4U]

The rules are being change to require two signatures, if applicable, on retirement plan withdrawals.

I guess single people like you will be screwed

 

[AllTheBellsAndWhistles123]

I've done the math.

Did you need help after taking off your gloves, socks and shoes?

 

[IVE GOTTA PACKAGE 4U]

Did you need help after taking off your gloves, socks and shoes?

Funny

But I actually talked to a financial planner last year.
I know the math

 

[Wally]

The plan itself is very well thought out----the offer is the only part that needs to be revised.

Plan two might be layoffs. They will blame it on the low percentage taking them up on the buyout.

 

[AllTheBellsAndWhistles123]

Plan two might be layoffs. They will blame it on the low percentage taking them up on the buyout.

I think plan two may be a combination of a revised offer for the higher seniority and bottom up layoffs.

 

[Thebrownblob]

Plan two might be layoffs. They will blame it on the low percentage taking them up on the buyout.

First problem.

There isn’t enough drivers to do the work We have currently, matter fact we roll packages frequently.. something we’ve never done as frequently in my whole career here it’s pathetic.

Second problem
How does laying off a driver accomplish anything? even if there’s not enough packages to deliver they’re still getting paid and they’re still getting there benefits paid because they’re gonna go work in the building.

Continually hearing about people worried about layoffs as if they’ve never happened to UPS as a newer driver 25 years ago I was laid off every my first four years for the first four or five months of the year.

 

[tourists24]

She doesn't need my approval for 401k withdrawals

Why

Because I put a lot of money into her Roth IRA that I started for her.

Plus im going to get a smaller pension amount because im going to make sure she gets 100% survivorship

You old softie

 

[AllTheBellsAndWhistles123]

First problem.

There isn’t enough drivers to do the work We have currently, matter fact we roll packages frequently.. something we’ve never done as frequently in my whole career here it’s pathetic.

Second problem
How does laying off a driver accomplish anything? even if there’s not enough packages to deliver they’re still getting paid and they’re still getting there benefits paid because they’re gonna go work in the building.

Continually hearing about people worried about layoffs as if they’ve never happened to UPS as a newer driver 25 years ago I was laid off every my first four years for the first four or five months of the year.

Layoffs would be for inside workers.

 

[Thebrownblob]

You old softie

She’s used to getting small things from him

 

[Thebrownblob]

Layoffs would be for inside workers.

Lol that’s not gonna happen in big hubs, which UPS is trying to move everything to. It would cripple the operation. They better get those robots fired up.

 

[IVE GOTTA PACKAGE 4U]

You old softie

She earned it
Plus her side of the family has very long longevity

 

[Thebrownblob]

She earned it
Plus her side of the family has very long longevity

Yep, I need to work long enough to give my wife a nice pension so that her and her new boyfriend will have a nice life when I’m dead!!

 

[IVE GOTTA PACKAGE 4U]

Yep, I need to work long enough to give my wife a nice pension so that her and her new boyfriend will have a nice life when I’m dead!!

Yeas I like your wife and your beer fridge...

 

[Thebrownblob]

Yeas I like your wife and your beer fridge...

Lol i’m drinking all that before I’m dead buddy I promise you that.

 

[AllTheBellsAndWhistles123]

Yep, I need to work long enough to give my wife a nice pension so that her and her new boyfriend will have a nice life when I’m dead!!

That was my plan only she didn’t wait for me to die. . Plus she took 16%.

 

[Thebrownblob]

That was my plan only she didn’t wait for me to die. . Plus she took 16%.

Ouch

 

[IVE GOTTA PACKAGE 4U]

Ouch

That's about the same amount as 100% survivorship option

I showed you my numbers

 

[Thebrownblob]

That's about the same amount as 100% survivorship option

I showed you my numbers

Yep, I did just get a pretty big life insurance policy for 20 years. I guess I was still young enough to get a decent price..

 

[AllTheBellsAndWhistles123]

Ouch

Just under $800/month.

 

[AllTheBellsAndWhistles123]

Yep, I did just get a pretty big life insurance policy for 20 years. I guess I was still young enough to get a decent price..

Term?

I was talking whole life for her.