UPS 401k match?

Discussion in 'UPS Retirement Topics' started by Derek Lemaster, Oct 28, 2019.

  1. Derek Lemaster

    Derek Lemaster New Member

    I just finished my 30 day qualify for my 22.4 driver position. I set up my teamsterups401k.com account and I'm going to start saving. But I cant find anywhere, how much UPS will match in my 401k, if any at all.
     
  2. burrheadd

    burrheadd KING Of GIFS

    because they don’t
     
  3. Method Mensch

    Method Mensch Member

    There is no match, but there is a pension.
     
  4. scooby0048

    scooby0048 This page left intentionally blank

    UPS doesn't do much of anything for their employees. They most certainly are not going to give you some of that money back you made for them from your blood, sweat, and tears.
     
  5. badpal

    badpal Active Member

    My advice to you is too save till it hurts.
     
  6. badpal

    badpal Active Member

    Then save a little bit more.
     
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  7. What'dyabringmetoday???

    What'dyabringmetoday??? Well-Known Member

    Well- kinda. Lol.
     
  8. Justaloader

    Justaloader Member

    And then right before you start to pull it for your retirement, watch it dissappear when the market tanks.
     
  9. That's w
    That's why you have a balanced portfolio. That way if you need some cash in a down market you don't have to worry about it.
     
  10. clean hairy

    clean hairy Well-Known Member

    Great advice!
    Look at the employees who had all their $ in just Enron Stock.
     
  11. Depends on your time horizon and your risk tolerance
     
  12. yadadamean116

    yadadamean116 Member

    Pensions are garbage
     
  13. Method Mensch

    Method Mensch Member

    That's a fairly uninformed comment, yada. Pensions generally offer a much lower expense ratio and a greater diversification of assets.
     
  14. yadadamean116

    yadadamean116 Member

    Yea, until they run dry before or during your retirement. Not something to rely on
     
  15. PT Car Washer

    PT Car Washer Well-Known Member

    Says the people without one. Do you have any idea how much money you would have to have in a 401k for a $3000/mo. payout for the rest of your life?
     
  16. Been In Brown Too Long

    Been In Brown Too Long Ex-Package Donkey

    My bank account disagrees with you every 1st of the month!

    $4300/mo. here.
     
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  17. Depends, probably not as much as you think.
     
  18. UpstateNYUPSer

    UpstateNYUPSer Well-Known Member

    30 years * $3000/month * 12 months = $1,080,000
     
  19. PT Car Washer

    PT Car Washer Well-Known Member

    I guess it all depends on how long you live.
     
  20. Been In Brown Too Long

    Been In Brown Too Long Ex-Package Donkey

    Ummm, I retired at 49. If I make it to 79 that's $1,548,000. So to replace my pension, I'd have to have that $1.5mil on top of what's already in my 401k. Probably more than you think...