UPS doesn't match 401(k) contributions, but...

[UpstateNYUPSer(Ret)]

Talking about the full timers.

Oh. Yeah they're pretty much stuck.

 

[IVE GOTTA PACKAGE 4U]

Oh. Yeah they're pretty much stuck.

No pension for anyone hired after 2002.

 

[Coldworld]

Understand what?

We had a PT sup who worked here while going to school. Graduated with a degree in accounting and is now a CPA.

They converted to a 401k because most new managements hires prefer the flexibility a 401k offers.

so is ups putting the pension money into the 401k now???? The old management received a pension and a 401k match...them loosing the pension is a cost cutting measure nothing less nothing more

 

[IVE GOTTA PACKAGE 4U]

so is ups putting the pension money into the 401k now???? The old management tectived a pension and a 401k match...them loosing the pension is a cost cutting measure nothing less nothing more

They also lowered the pay scale. And they beat them up more than ever.

 

[Coldworld]

Oh. Yeah they're pretty much stuck.

We have had full timers quit and get great jobs... Also have had others who couldn't cut it here and had a hard time getting other jobs even managing a McDonald's...sometimes ups is looking for that yes guy or gal management person who just can't cut it out in the real business world

 

[Coldworld]

They also lowered the pay scale. And they beat them up more than ever.

Pay bands....lol might as well call they pay nooses

 

[Coldworld]

No pension for anyone hired after 2002.

So if you are hired after 2002 and get to a center manager or division manager level you wouldn't get s pension???

 

[Coldworld]

They also lowered the pay scale. And they beat them up more than ever.

Lol...such a scam

 

[IVE GOTTA PACKAGE 4U]

So if you are hired after 2002 and get to a center manager or division manager level you wouldn't get s pension???

Nope. I've been here for quite awhile. I can actually talk to some of the sups. They all say no way in Hell would I do this crap for what the new guys get.

 

[Coldworld]

Can you image someone at a division mgr level and knowing your fellow division counterparts are getting a pension and all you get is a 401k match....lol

 

[3838373]

Go TRADITIONAL 401k

 

[3838373]

Yeah my wife's company matches 10% plus puts all of their profit sharing money into their 401k. I think they put. 25-30k a year into her retirement.

Read more: http://www.browncafe.com/community/...contributions-but.366047/page-2#ixzz3u6zy3WHs

I wish UPS did this I would literally retire with several million

 

[Future]

Nope. I've been here for quite awhile. I can actually talk to some of the sups. They all say no way in Hell would I do this crap for what the new guys get.

pervert

 

[UpstateNYUPSer(Ret)]

Go TRADITIONAL 401k

Depends upon your age and years until retirement.

 

[IVE GOTTA PACKAGE 4U]

Depends upon your age and years until retirement.

And how long until you plan to make withdrawals from it.

 

[3838373]

I'm 31; what you think

trad more tax advantageous than roth for most of here; both are good but most of here will be lower tax bracket after retiring

i got trad 401k and roth ira

 

[IVE GOTTA PACKAGE 4U]

im 31; what you think?

Do a little of both.

 

[3838373]

my allocation is trad 401k, lil in roth 401k, roth IRA, silver, cash and want to have house payed off in 10 years

 

[IVE GOTTA PACKAGE 4U]

my allocation is trad 401k, lil in roth 401k, roth IRA, silver, cash and want to have house payed off in 10 years

Stay away from Silver and gold, they are not long term investments. Pay off the house!!!!

 

[3838373]

my silver isn't really an investment but something i like to collect, it only really makes up a few % of my total investments

Oh though its not a good investment longterm at this point I see nothing as a REAL long term solution.. you'll never see returns there were in the 80s/90s, theres really no SAFE place for money anymore...