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Why should one retire from UPS?
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<blockquote data-quote="UPS Lifer" data-source="post: 647943" data-attributes="member: 9789"><p>Hoke, </p><p>Quick facts: retired after 35.5 years grandfathered got full retirement. </p><p></p><p>I had a conversation with my brother who started his own company and is a whiz when it comes to real estate and other financial investments. I struggled with leaving early prior to 55. He put it like this. How much would it be worth to you per year to get the best years of your life back? By that he meant that your best year is the one you have right now NOT 5 YEARS from now. Had I not waited till 55 I would have basically quit losing all benefits and had to wait to 65 to get my pension OR get a 3% reduction for 10 years if I decided to take my pension at 55.... a 30% reduction. Once he put it like that, I realized that quitting would cost me over 200K a year. It was almost like I was getting an additional 200K a year. This changed my whole outlook and made it easy for me to wait till 55 to retire. </p><p></p><p>I know that at 55 you get your benefits and that is a major expense ... if you can live on your pension that you would get ..... You should be gone today. Based on the time of year you should make sure you have HR give you your packet... ask for it now. IT TAKES ABOUT 6 WEEKS BUT THEY CAN PUT A RUSH ON IT AND YOU CAN GET IT IN ABOUT 2 WEEKS. Only in your last year, you can take all your vacation all at once and then retire after that. I took all my vacation - personal days and backed that off my birthday in March. My last day worked was January 26th, 2007. </p><p></p><p><strong>I don't have any regrets</strong>. These people that say why are you retiring so young .... what are you going to do? I say to them ... anything I want to do. </p><p></p><p>I ABSOLUTELY LOVE MY INDEPENDENCE. I am finally in charge of what I want to do (as long as my wife says it is OK!<img src="/community/styles/default/xenforo/smilies/FeltTip/wink.png" class="smilie" loading="lazy" alt=":wink2:" title="Wink :wink2:" data-shortname=":wink2:" />)</p><p></p><p>It is almost 3 years and I still get up in the morning and pinch myself. </p><p></p><p>RETIRE IN JANUARY....DON'T WAIT!!!!!</p></blockquote><p></p>
[QUOTE="UPS Lifer, post: 647943, member: 9789"] Hoke, Quick facts: retired after 35.5 years grandfathered got full retirement. I had a conversation with my brother who started his own company and is a whiz when it comes to real estate and other financial investments. I struggled with leaving early prior to 55. He put it like this. How much would it be worth to you per year to get the best years of your life back? By that he meant that your best year is the one you have right now NOT 5 YEARS from now. Had I not waited till 55 I would have basically quit losing all benefits and had to wait to 65 to get my pension OR get a 3% reduction for 10 years if I decided to take my pension at 55.... a 30% reduction. Once he put it like that, I realized that quitting would cost me over 200K a year. It was almost like I was getting an additional 200K a year. This changed my whole outlook and made it easy for me to wait till 55 to retire. I know that at 55 you get your benefits and that is a major expense ... if you can live on your pension that you would get ..... You should be gone today. Based on the time of year you should make sure you have HR give you your packet... ask for it now. IT TAKES ABOUT 6 WEEKS BUT THEY CAN PUT A RUSH ON IT AND YOU CAN GET IT IN ABOUT 2 WEEKS. Only in your last year, you can take all your vacation all at once and then retire after that. I took all my vacation - personal days and backed that off my birthday in March. My last day worked was January 26th, 2007. [B]I don't have any regrets[/B]. These people that say why are you retiring so young .... what are you going to do? I say to them ... anything I want to do. I ABSOLUTELY LOVE MY INDEPENDENCE. I am finally in charge of what I want to do (as long as my wife says it is OK!:wink2:) It is almost 3 years and I still get up in the morning and pinch myself. RETIRE IN JANUARY....DON'T WAIT!!!!! [/QUOTE]
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