UpstateNYUPSer(Ret)
Well-Known Member
The majority of jokes in the Jokes forum are not funny so your point is moot.
Our pensions
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The majority of jokes in the Jokes forum are not funny so your point is moot.
T
Turdferguson
Guest
Possibly
Another cheap shot at Moreluck?
olroadbeech
Happy Verified UPSer
what does the writing say? ( I'm out of here in a couple months so need to know )
olroadbeech
Happy Verified UPSer
do you know anyone that misses the 7.5% deduction for social security out of their checks? probably not.
you should view your 401k the same way. start small. I started with 5%. didn't miss it at all. then went up from there to the max in just a few years. now it is in the middle 6 figures after only 15 years.
I tell young employees not to depend solely on their pension or SS. contribute as much as you can to your 401k and even an IRA. we max our IRA out every year without penalty since my spouse does not work and we don't make over a certain amount. plus pay off house early .
i'll get my pension and retirement amount first. probably 4% from the 401k and iRAS. then SS in 3 years. the total of all 4 will be about 9200 ( before taxes ) a month.
my point is , even if we lose half our pensions , contribute to other plans and just don't depend on one thing.
not bad for less than 30 years of work.
you should view your 401k the same way. start small. I started with 5%. didn't miss it at all. then went up from there to the max in just a few years. now it is in the middle 6 figures after only 15 years.
I tell young employees not to depend solely on their pension or SS. contribute as much as you can to your 401k and even an IRA. we max our IRA out every year without penalty since my spouse does not work and we don't make over a certain amount. plus pay off house early .
i'll get my pension and retirement amount first. probably 4% from the 401k and iRAS. then SS in 3 years. the total of all 4 will be about 9200 ( before taxes ) a month.
my point is , even if we lose half our pensions , contribute to other plans and just don't depend on one thing.
not bad for less than 30 years of work.
Catatonic
Nine Lives
I started with 3% in my 401k in 1990 (to get matching) and then increased my percent each year to match my raise for that year. It seems like it was around 10 years until I maxxed out what I could put in 401k each year.
If you don't have it, you don't spend it.
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