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Brown Cafe UPS Forum
UPS Retirement Topics
Retiree Healthcare Costs under Tentative Agreement
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<blockquote data-quote="Catatonic" data-source="post: 1142010" data-attributes="member: 7966"><p>While not expressed with sensitivity Upstate, I do agree with you in principle.</p><p>I worked 3 1/2 extra years past 55 (40 years with UPS) to reduce retirement funding risk and there are a lot of variables out there that could blow my plans away.</p><p>I believe the greatest risks are in UPS/Teamster pensions, followed by Soc Sec, followed by 401k, followed by savings/investment outside 401k.</p><p>I personally do not believe in "not working" prior to age 70 (this is for myself, I don't care what others think and do) so I got flexible jobs after "retiring" from UPS.</p><p></p><p>The following should be of concern to someone retiring in their late 50s on until their late 60's.</p><p>Inflation not "calculated" in COLA will eventually eat away the buying power of any pension.</p><p>Medical costs at age 65 and older will have to be shouldered in some way by the individual.</p><p>Longer life expectancy is pushing most traditional retirement plans to their limits.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1142010, member: 7966"] While not expressed with sensitivity Upstate, I do agree with you in principle. I worked 3 1/2 extra years past 55 (40 years with UPS) to reduce retirement funding risk and there are a lot of variables out there that could blow my plans away. I believe the greatest risks are in UPS/Teamster pensions, followed by Soc Sec, followed by 401k, followed by savings/investment outside 401k. I personally do not believe in "not working" prior to age 70 (this is for myself, I don't care what others think and do) so I got flexible jobs after "retiring" from UPS. The following should be of concern to someone retiring in their late 50s on until their late 60's. Inflation not "calculated" in COLA will eventually eat away the buying power of any pension. Medical costs at age 65 and older will have to be shouldered in some way by the individual. Longer life expectancy is pushing most traditional retirement plans to their limits. [/QUOTE]
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