Waiting for conference call

[IVE GOTTA PACKAGE 4U]

Exactly. Give me that money and I'll retire a multimillionaire and so would anyone else with half a brain.

I got a nice chunk in there. And i contribute far less than what UPS puts into my pension

 

[1989]

Max out? Is there a max to pension contributions?


Put your raise in your 401k. It'll go much farther that way.



Throwing more money at a broken system is asinine.

I believe the pension has a max. The more you contribute, the more the payout. My pension is doing alright. Our 401k is the last place I would put it.

 

[Brownslave688]

I believe the pension has a max. The more you contribute, the more the payout. My pension is doing alright. Our 401k is the last place I would put it.

You don't contribute anything to your pension and the more you contribute the more the payout? Lmao tell that to all of the failing pensions out there that have thousands per year being put in on their behalf.



@UpstateNYUPSer could tell you. Their contributions have done nothing but went up. Yet their pension is about to slashed by about 40%

 

[1989]

Over 26k a year is going into the pension plan and part of my raises. Guess what I'm getting out of it????

A peanut butter sandwich?

 

[IVE GOTTA PACKAGE 4U]

A peanut butter sandwich?

If I'm lucky

 

[upschuck]

If I'm lucky

With MW?

 

[Brownslave688]

With MW?

"Salad dressing" he can't afford MW

 

[1989]

Over 26k a year is going into the pension plan and part of my raises. Guess what I'm getting out of it????

I don't see ups giving you 26k a year. If so, I would take it. But not put it in a 401k with crappy rules.
Ups puts in about 18k into mine and reruns about $2800 a year. So about 15%.

 

[IVE GOTTA PACKAGE 4U]

With MW?

I'd rather stay working

 

[IVE GOTTA PACKAGE 4U]

I don't see ups giving you 26k a year. If so, I would take it. But not put it in a 401k with crappy rules.
Ups puts in about 18k into mine and reruns about $2800 a year. So about 15%.

Over $510 a week here plus 60¢ of my raises this contract.

 

[1989]

Over $510 a week here plus 60¢ of my raises this contract.

Ok, I'll take the $ and buy you a peanut butter sandwich every week.

 

[IVE GOTTA PACKAGE 4U]

Ok, I'll take the $ and buy you a peanut butter sandwich every week.

Thanks buddy

 

[1989]

Ok, I'll take the $ and buy you a peanut butter sandwich every week.

Crunchy or creamy?

 

[Brownslave688]

I don't see ups giving you 26k a year. If so, I would take it. But not put it in a 401k with crappy rules.
Ups puts in about 18k into mine and reruns about $2800 a year. So about 15%.

Around $500 a week here.



I'm still waiting on an explanation as to how terrible the 401k is......


I think you're very confused on how all of this works. Pensions are nowhere near a 15% return.


I figure I'll have 20 years in before I even break even on my contributions. Let alone see any return

 

[1989]

Around $500 a week here.



I'm still waiting on an explanation as to how terrible the 401k is......


I think you're very confused on how all of this works. Pensions are nowhere near a 15% return.


I figure I'll have 20 years in before I even break even on my contributions. Let alone see any return

The 401k is basically the same as any other investment account. But has crappier rules.

I calculated 2800 (payout) divided by 18000 contribution. About 15%, right?

 

[Brownslave688]

The 401k is basically the same as any other investment account. But has crappier rules.

I calculated 2800 (payout) divided by 18000 contribution. About 15%, right?

No 20,800 would be a 15% return.





That's more like negative 85%



And once again crappier rules? Like tax deferment low fees and payroll deductions?

 

[Brownslave688]

The 401k is basically the same as any other investment account. But has crappier rules.

I calculated 2800 (payout) divided by 18000 contribution. About 15%, right?

So a monthly payout of 2800?



$2800 a month out and 18k a year in for 30 years. It'll be 16 years into retirement before you break even.

 

[1989]

No 20,800 would be a 15% return.



That's more like negative 85%

If I put 18000 in the bank and they give me 2800 for it, that would be about 15%. In 10 years I would receive 28000 off that 18000.

 

[1989]

So a monthly payout of 2800?



$2800 a month out and 18k a year in for 30 years. It'll be 16 years into retirement before you break even.

Yearly payout, yearly contribution. In 10 years 150% payout.

 

[1989]

So a monthly payout of 2800?



$2800 a month out and 18k a year in for 30 years. It'll be 16 years into retirement before you break even.

Make I simple. Assume I only work one year.