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UPS Retirement Topics
Would you take a "Lump Sum" offer?
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<blockquote data-quote="quad decade guy" data-source="post: 5109929" data-attributes="member: 77939"><p>If so, how much would you accept?</p><p></p><p>My Sis and Bro in law(ATT phone guy and teacher) were offered lump sums.....totalling about $500k.</p><p></p><p>They took it. Seems like a nice amount of money....until you think about it. That's it. No more. NOW, YOU HAVE TO MAKE IT LAST THE REST OF YOUR LIFE. They are both mid 60's. He eligible for SSI too and her not as she was a teacher(whole other story). So he will get some more each month.</p><p></p><p>So, what would you do?</p><p></p><p>Me? I'm looking at $50k a year for life from our pension. I might live 20 more years(59 now). </p><p></p><p>So, something like $1 mil would have to be the number. We all know that ain't going to happen.....</p><p></p><p>Now, given our Unions propensity to squander everything they touch and UPS just itching to flush the Union.....and pension....</p></blockquote><p></p>
[QUOTE="quad decade guy, post: 5109929, member: 77939"] If so, how much would you accept? My Sis and Bro in law(ATT phone guy and teacher) were offered lump sums.....totalling about $500k. They took it. Seems like a nice amount of money....until you think about it. That's it. No more. NOW, YOU HAVE TO MAKE IT LAST THE REST OF YOUR LIFE. They are both mid 60's. He eligible for SSI too and her not as she was a teacher(whole other story). So he will get some more each month. So, what would you do? Me? I'm looking at $50k a year for life from our pension. I might live 20 more years(59 now). So, something like $1 mil would have to be the number. We all know that ain't going to happen..... Now, given our Unions propensity to squander everything they touch and UPS just itching to flush the Union.....and pension.... [/QUOTE]
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Would you take a "Lump Sum" offer?
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