BigUnionGuy
Got the T-Shirt
Now that.... raises a few more questions.
Part-time ?
Full-time ?
Combination of both ?
Off the street hire?
I'm not trying to bust your chops. I really want to know.
It makes a difference.
-Bug-
Nys teamsters pension & retirement fund
- Thread starter 3 done 3 to go
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Now that.... raises a few more questions.
Part-time ?
Full-time ?
Combination of both ?
Off the street hire?
I'm not trying to bust your chops. I really want to know.
It makes a difference.
-Bug-
Future
Victory Ride
They clearly managed ...our pension money well ...at one time .... then the bottom ...fell out
1989
Well-Known Member
I am no longer a fan of buying paper assets. But mainly because of the strict loan rules. I should be able to tap my funds anytime I want.
Brownslave688
You want a toe? I can get you a toe.
It's a retirement account.
Thank god they don't allow people to tap into it at any time.
That's like saying you should have access to your pension money at any point.
Future
Victory Ride
I like tapping @MyTripisCut s ...sister from time too time ....just saying
Brownslave688
You want a toe? I can get you a toe.
11+ years full time.
Had a couple years part time. But not enough to be worth anything.
Future
Victory Ride
With a penalty ...that goes back too you ....I see nothing wrong
Brownslave688
You want a toe? I can get you a toe.
Was it managed correctly or did they just have a ton more workers putting money in than they had retirees?
Future
Victory Ride
Invested well .... also more workers putting in as well ......it was a good show ...
1989
Well-Known Member
Loan...I could have used 30k two weeks ago to buy a property. But they only allow hardship loans. What if my sewer line breaks from the main line to the hose? All the what ifs.
Future
Victory Ride
P.S. .....don't be working my boy into the ground !LOL
1989
Well-Known Member
That's about 23k a year in the Western conference.
Brownslave688
You want a toe? I can get you a toe.
That's what savings account are for or individual investment accounts. Not retirement accounts.
I'm planning on getting around 100k from logging my property in the next month. The original plan was to buy a 12 unit apartment complex. Now I'm
Not so sure because i would like to keep the money more liquid than that.
The point is I'm not going to throw it into a retirement account then bitch that I can't access it.
Brownslave688
You want a toe? I can get you a toe.
1989
Well-Known Member
At one time I thought all retirement accounts had basically the same rules. Had I known that they don't 20 years ago, I would have never thouched our 401k. I would be better off if I didn't have 200k sitting in the 401k is my point.
rod
Retired 23 years
Here we go again....
Largest Pension Fund in the country.
-Bug-
When the dust settles in a few years there won't be a livable Teamster pension left---if any pensions at all. To those few who brag about theirs still being in good shap beware-----others that aren't will be coming after yours .Mean while I'm sure all the top Teamster officials will be living like kings until the final days of the Teamster Union have come---and it will come.
Brownslave688
You want a toe? I can get you a toe.
You'd have more access to funds to either be better or worse off with.
You're also completely ignoring the tax advantages to a 401k.
Brownslave688
You want a toe? I can get you a toe.
1989
Well-Known Member
In this case I have the advantage on hindsight. I would have been better off.
What are the advantages? Fees, only allowing hardship loans? Can only buy a piece of paper.
You haven't mentioned the advantages.
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