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Brown Cafe UPS Forum
UPS Union Issues
Why can't I look forward to retirement?
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<blockquote data-quote="realbrown1" data-source="post: 2073993" data-attributes="member: 46221"><p>I like the matching 401K plan.</p><p></p><p>I have just over 6 figures in my with just 1% to 3% contributions out of my paycheck every week for just under 30 years.</p><p></p><p>Can you imagine if UPS matched say 8%?</p><p></p><p>I would have put 8% into my 401K plan to get the full match.</p><p></p><p>It would cost UPS less than what they are paying into our pensions and we would be millionaires after 30 to 35 years with the company with the full 8% match.</p><p></p><p>And you would not have to worry about it going bankrupt and cutting payouts by 60% to 70% like some multi-employer pension plans.</p></blockquote><p></p>
[QUOTE="realbrown1, post: 2073993, member: 46221"] I like the matching 401K plan. I have just over 6 figures in my with just 1% to 3% contributions out of my paycheck every week for just under 30 years. Can you imagine if UPS matched say 8%? I would have put 8% into my 401K plan to get the full match. It would cost UPS less than what they are paying into our pensions and we would be millionaires after 30 to 35 years with the company with the full 8% match. And you would not have to worry about it going bankrupt and cutting payouts by 60% to 70% like some multi-employer pension plans. [/QUOTE]
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Why can't I look forward to retirement?
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