Pension question

[JustDeliverIt]

It will get here quicker than you think.

Get your stuff in order

Agreed, PT years seemed to drag forever but going FT has seemed to speed up time. We have a big family but since hitting top rate have been paying everything off and 15% comes out to the 401k without even thinking about it. That’s why hopeful to go at 55 but realistically have to stick out the full 30 and work until 60. We shall see.

 

[IVE GOTTA PACKAGE 4U]

Agreed, PT years seemed to drag forever but going FT has seemed to speed up time. We have a big family but since hitting top rate have been paying everything off and 15% comes out to the 401k without even thinking about it. That’s why hopeful to go at 55 but realistically have to stick out the full 30 and work until 60. We shall see.

Plan for the worst and hope for the best

 

[Over70irregs]

The parents are to blame also

They didn’t know much either. We all got ponzi’d.

 

[IVE GOTTA PACKAGE 4U]

They didn’t know much either. We all got ponzi’d.
View attachment 426164

I got no debt. That money must have been worth something

 

[Over70irregs]

It’s obvious our $ is worth much less. We are seen as the ex-wife/gf Are you going the chump guy who cannot take a hint?

 

[johnnyunion]

It's a small area in Upstate NY

Whose name we dare not mention.

 

[Steamer]

Don't even bother looking unless you have at least 30 years in----or you will be in for a major disappointment.

If someone is RPCD and didn't start at UPS until late late late in life? That's why I ask about the minimum years and so on. To figure out a timeframe.

 

[IVE GOTTA PACKAGE 4U]

No one has answered the OP’s question. I would also like to see this information because no way in hell I’m staying here another 20 years unless things drastically change in August.

Just remember too many private companies don't have pensions anymore.
So think of that is gravy on top of your 401k and your social security

 

[rod]

Unless you are close to retirement I wouldn't worry about it. Things are changing faster at UPS than ever before. The qualifications for retirement will change a dozen times over the next years as pensions continue to get in trouble. It wouldn't even surprise me to see the Teamsters raid those pensions that are actually in the green build up those in trouble. NOTHING is carved in granite.

 

[Over70irregs]

Just remember too many private companies don't have pensions anymore.
So think of that is gravy on top of your 401k and your social security

Pension=Dying breed. You are part of the chosen…..

 

[IVE GOTTA PACKAGE 4U]

Pension=Dying breed. You are part of the chosen…..

That's why you keep your other options open and being responsible

Such as staying out of debt not being a maroon in leasing a vehicle

Putting money into a 401k into a Roth IRA

Having a nice emergency fund

 

[DELACROIX]

Just remember too many private companies don't have pensions anymore.
So think of that is gravy on top of your 401k and your social security

Feel sorry for our kids..A vast majority of our young people will only have Social Security and an iffy 401k when they get older. No one hangs around enough to even become vested in a traditional pension plan.

 

[KearsargeCoop]

If someone is RPCD and didn't start at UPS until late late late in life? That's why I ask about the minimum years and so on. To figure out a timeframe.

The pension calculator is fun to mess around with. You can enter all sorts of scenarios

 

[IVE GOTTA PACKAGE 4U]

Feel sorry for our kids..A vast majority of our young people will only have Social Security and an iffy 401k when they get older. No one hangs around enough to even become vested in a traditional pension plan.

My kids have a pretty decent job but they do not have a pension

 

[Over70irregs]

Feel sorry for our kids..A vast majority of our young people will only have Social Security and an iffy 401k when they get older. No one hangs around enough to even become vested in a traditional pension plan.

Social Security is a Ponzi for new $ in for old $ out. No services, goods or commodities exchanged.

 

[clean hairy]

That's why you keep your other options open and being responsible

Such as staying out of debt not being a Dave in leasing an Altima.

Putting money into a 401k into a Roth IRA

Having a nice emergency fund

Made one correction for you...

 

[UpstateNYUPSer(Ret)]

The pension calculator is fun to mess around with. You can enter all sorts of scenarios

Wait until you are old enough to use the Social Security breakeven calculator.