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Brown Cafe UPS Forum
UPS Retirement Topics
Pension vs. 401(k)
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<blockquote data-quote="browniehound" data-source="post: 196931" data-attributes="member: 4653"><p>[No Dorkhead, Prior retirees would have to get their promised beneifits. I'm talking about a certain cut-off date for us young workers. We are going to get screwed if things don't change with social security and our pensions. We are contributing OUR HARD EARNED money that will be pissed away by the time we reach 65 years old</p><p> </p><p>quote=DorkHead;196928]When I turn 57 in 2030, I know my body is going to be on the brink. But if I invest early, smartly, and regularly, I will not need to be dependent on the teamster pension plan. So my approach is to plan as if that and SS and the teamster plan is not going to be there.</p><p> </p><p>So I take it your 27 yrs old and have 7 years invested in your career with UPS? It`s good you`re contributing to your 401k. Max out as much as you can. I have been in the 401k since it began.......but as for your idea, it is very selfcentered. What about all previous retirees? Don`t they deserve to keep getting what was promised to them? Or do you just cut them off because you don`t care. Campaign contributions to pro labor politicians to pass bills that favor us are extremely important and will benefit all labor including yourself! You`re smart to plan for your retirement relying on more than just your pension. I wish alot more of us upsers would. I just think you need to understand there are more issues involved that are equally important. Good luck and keep contributing to that 401k.</p></blockquote><p>[/QUOTE]</p>
[QUOTE="browniehound, post: 196931, member: 4653"] [No Dorkhead, Prior retirees would have to get their promised beneifits. I'm talking about a certain cut-off date for us young workers. We are going to get screwed if things don't change with social security and our pensions. We are contributing OUR HARD EARNED money that will be pissed away by the time we reach 65 years old quote=DorkHead;196928]When I turn 57 in 2030, I know my body is going to be on the brink. But if I invest early, smartly, and regularly, I will not need to be dependent on the teamster pension plan. So my approach is to plan as if that and SS and the teamster plan is not going to be there. So I take it your 27 yrs old and have 7 years invested in your career with UPS? It`s good you`re contributing to your 401k. Max out as much as you can. I have been in the 401k since it began.......but as for your idea, it is very selfcentered. What about all previous retirees? Don`t they deserve to keep getting what was promised to them? Or do you just cut them off because you don`t care. Campaign contributions to pro labor politicians to pass bills that favor us are extremely important and will benefit all labor including yourself! You`re smart to plan for your retirement relying on more than just your pension. I wish alot more of us upsers would. I just think you need to understand there are more issues involved that are equally important. Good luck and keep contributing to that 401k.[/quote] [/QUOTE]
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