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Brown Cafe UPS Forum
UPS Union Issues
New Video! Is the buyout even worth it?
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<blockquote data-quote="Well-Known Member" data-source="post: 6175233" data-attributes="member: 85066"><p>Maybe you should do the math again.</p><p></p><p>37 years gets you $66K. Gives you around $45K after taxes. That equates to $15K a month for the 3 more months you plan to work.</p><p></p><p>Even if you deduct COBRA, that gives you around $13K per month for 3 months that you work until retirement.</p><p></p><p>That’s most likely a lot more than you’re making now.</p><p></p><p>Now add in $5-$6K per month in pension. More if you’re old enough and planned on taking early SS.</p><p></p><p>Looks to me like you’re losing at least $8-$10K per month by working. Talk about working for free. You’re actually losing money by working when you could be retired making a helluva lot more for those 3 months.</p></blockquote><p></p>
[QUOTE="Well-Known Member, post: 6175233, member: 85066"] Maybe you should do the math again. 37 years gets you $66K. Gives you around $45K after taxes. That equates to $15K a month for the 3 more months you plan to work. Even if you deduct COBRA, that gives you around $13K per month for 3 months that you work until retirement. That’s most likely a lot more than you’re making now. Now add in $5-$6K per month in pension. More if you’re old enough and planned on taking early SS. Looks to me like you’re losing at least $8-$10K per month by working. Talk about working for free. You’re actually losing money by working when you could be retired making a helluva lot more for those 3 months. [/QUOTE]
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New Video! Is the buyout even worth it?
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