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Brown Cafe UPS Forum
UPS Discussions
Teamsters pension cut
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<blockquote data-quote="brett636" data-source="post: 2681957" data-attributes="member: 249"><p>The moral of the store here is to SAVE SAVE SAVE! Save as much as you can for as long as you can so should your pension fund end up like Local 707's did you won't find yourself sharing dog food with your dog. We make good money, and everyone of us has the potential to have investments in funds like 401ks and IRAs that would provide incomes that exceed what our pensions are currently promising us. Don't spend a career making good money and allow it to end without something to show for it. An impressive W2 each year is pointless if you didn't save some of it for your future. Entering retirement debt free is also a good idea, unlike the fool in the article with a $2300 a month mortgage at 75 years old.</p></blockquote><p></p>
[QUOTE="brett636, post: 2681957, member: 249"] The moral of the store here is to SAVE SAVE SAVE! Save as much as you can for as long as you can so should your pension fund end up like Local 707's did you won't find yourself sharing dog food with your dog. We make good money, and everyone of us has the potential to have investments in funds like 401ks and IRAs that would provide incomes that exceed what our pensions are currently promising us. Don't spend a career making good money and allow it to end without something to show for it. An impressive W2 each year is pointless if you didn't save some of it for your future. Entering retirement debt free is also a good idea, unlike the fool in the article with a $2300 a month mortgage at 75 years old. [/QUOTE]
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