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UPS/IBT pension funding
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<blockquote data-quote="Ancient Alien" data-source="post: 4540867" data-attributes="member: 70963"><p>Things could definitely change. The Western has never missed a payment since 1955. That's a pretty solid track record. Take olroadbeech, She's approaching $250,000 of pension. Management tries to spin the stock market is better head to head. Yet, boil down a 401k and subtract what you personally put into it out of your pocket. Olroady is only 5-years of pension drawing and basically equals a 401k of $400,000 minus contributions & taxes. This during the greatest stock market rise in history for 12-years. It's great to have both and other investments too.</p><p></p><p>I don't think they can keep the stocks artificially inflated forever. Cramer on Mad Money said a couple weeks ago... since April. Every single S&P 500 (the 500 largest stocks) are up... April to early June. ALL 500 of them. Businesses closing, unemployment skyrocketing. China & Russia pushing us around. International trade & tourism way down...OPEC & Russia manipulating crude output/prices.</p><p></p><p>The Feds can only print up so many trillions to inflate global economies. I say it's not just the IBT. We're all in for a world of hurt in the not so distant future.</p></blockquote><p></p>
[QUOTE="Ancient Alien, post: 4540867, member: 70963"] Things could definitely change. The Western has never missed a payment since 1955. That's a pretty solid track record. Take olroadbeech, She's approaching $250,000 of pension. Management tries to spin the stock market is better head to head. Yet, boil down a 401k and subtract what you personally put into it out of your pocket. Olroady is only 5-years of pension drawing and basically equals a 401k of $400,000 minus contributions & taxes. This during the greatest stock market rise in history for 12-years. It's great to have both and other investments too. I don't think they can keep the stocks artificially inflated forever. Cramer on Mad Money said a couple weeks ago... since April. Every single S&P 500 (the 500 largest stocks) are up... April to early June. ALL 500 of them. Businesses closing, unemployment skyrocketing. China & Russia pushing us around. International trade & tourism way down...OPEC & Russia manipulating crude output/prices. The Feds can only print up so many trillions to inflate global economies. I say it's not just the IBT. We're all in for a world of hurt in the not so distant future. [/QUOTE]
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