Top rate paycheck
- Thread starter nystripe96
- Start date
Brownslave688
You want a toe? I can get you a toe.
This isn't 1965
dookie stain
Cornfed whiteboy
I finally signed up for 401k this morning through the teamsters 401k plan...was told they don't match...thought that was the whole point of 401k..is there a different plan through ups that does match and where the hell do I find the number
Brownslave688
You want a toe? I can get you a toe.
No match. The point of a 401k is to save for retirement.
FrigidFTSup
Resident Suit
Match is only available to Management
Thyas because UPS pays into a pension fund.
dookie stain
Cornfed whiteboy
I was always under the impression employers matched to a certain percent..so my employer doesn't match and there will be no pension when i retire...yaaaaay!!!!!
Start saving now.
9.5 everyday
Well-Known Member
40 hrs = $1375.60
6.61 OT= $340.98
Total = $1716.58
Deductions
11% 401k = $188.82
Credit union = $100
United way = $1
Take home = $1,048.79
That's claiming 0 state and 5 federal
6.61 OT= $340.98
Total = $1716.58
Deductions
11% 401k = $188.82
Credit union = $100
United way = $1
Take home = $1,048.79
That's claiming 0 state and 5 federal
sailfish
Master of Karate and Friendship for Everyone
Not sure what all deductions the driver in OP's post must have coming out, but I can easily bring that home if I drive five days. I'm also only on year 2 of 4 in my progression. Granted I haven't enrolled in the 401K yet (which I intend to do while I'm filing my taxes this year) but even then, which I intend to do 10%, I would still be bringing home a significant amount by comparison.
Im not at top rate and my take home is around 875 with 43 hours
UpstateNYUPSer(Ret)
Well-Known Member
I am at top rate and my take home is around 800 with 40 hours.
10% to 401k and $30/week to UW.
10% to 401k and $30/week to UW.
Truth right there.
PiedmontSteward
RTW-4-Less
The entire point of a 401k is a tax-free vehicle to save money for retirement.
I'd like to see a 3% match, but I don't see it happening without opening the door for pension cuts.
Brownslave688
You want a toe? I can get you a toe.
I'd forgo a few years of raises for a match.
Orion inc.
I like turtles
My wife and I are in the same situation as you.
Except we still buy some toys lol.
But we have investments and a plan and will retire in that bracket too
JL 0513
Well-Known Member
It would indeed suck if all the younger guys get screwed out of a pension, or even just receive deeply cut payouts after forfeiting an employer 401k matching system. If UPS remains strong, I can't see why it would go belly up but you never know.
The other unfortunate occurrence is financial collapses inevitably coming wiping out most of the accumulated deductions you've tossed into your 401k for decades. Wouldn't it be lovely if both of these scenarios occurred along with the expected SS crisis? It's not tin hat stuff, just simple arithmetic. 2008 will look like a hiccup. Anyone notice the national debt has doubled in just 8 years?
Your money will still be there,it just won't be worth anything. Hyperinflation will kick in so the can pay down the debt.
dookie stain
Cornfed whiteboy
Yea I've never had a job with a pension before so I guess it makes sense that they don't match like my old jobs
Brownslave688
You want a toe? I can get you a toe.
Yeah I think you're about 20 years ahead of us.
Still got these damn student loans hanging over us
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