UPS Special Pension Buyout Offer - December 2016

[Tstorm]

What is the website?

UPS Special Pension Payment Offer

 

[aaron5]

Thank you I appreciate it

 

[Treyli]

It's just so strange how they cannot give a definitive answer on the DD's. And when you call you get a different answer based on who you talk to.

 

[Tstorm]

Almost 50% of people pay no federal income tax. A good amount have a negative rate and get back money they do not even pay.

Lots of these folks will fall into that category.

Minus a lump sum distribution they probably would fall into that category. However, a distribution is taxable as ordinary income

 

[Virgo86]

Anybody tried calling UPS today or Mellon?

 

[Postitman36]

If you are rolling over to a Traditional IRA then you should not have a 10% penalty.
Have you considered the ROTH IRA? Which will impose some tax penalty.
You can do that after rolling over to your Trad IRA.

If you are rolling over to a Traditional IRA then you should not have a 10% penalty.
Have you considered the ROTH IRA? Which will impose some tax penalty.
You can do that after rolling over to your Trad IRA.

Check out money market IRA...It's basically a regular savings account, that draws more interest and is more flexible than other IRA's. The10% penalty is only imposed if there is an early withdrawal

 

[Ex brownie 2012]

Call this number I was told they were released today and should be in the account in two business days

 

[John Hardin]

Anybody tried calling UPS today or Mellon?

I called your yesterday they said my direct deposit would be in first wave of deposits....if they start today you would think that means today.. Right?

 

[Gary Lyle]

Just tried to check on the final green checkmark - no go!

 

[Postitman36]

So called workplace violence. No physical violence or threats...just a good ol fashioned disagreement between co-workers. I got screwed because the other guy had been there 6 or 7 years longer than me .

 

[Virgo86]

Just called Mellon and mine is in process and they said I should see it tomorrow morning.

 

[Postitman36]

So your retirement is 48 years from now? If you rolled it there is no penalty. Doesn't make sense.

The 10% penalty is imposed when i make an early withdrawal from the account. Gotta read the fine print people!

 

[Tstorm]

Call this number I was told they were released today and should be in the account in two business days

Makes sense. Thanks for sharing.

 

[Treyli]

What number did you call?

 

[Treyli]

Just called Mellon and mine is in process and they said I should see it tomorrow morning.

What was the number you called?

 

[AJ73]

the website is back up my status has not changed

Just called Mellon and mine is in process and they said I should see it tomorrow morning.

Did you do direct deposit? and what is the phone number?

 

[Virgo86]

What was the number you called?

(855) 216-8048 Mellon Bank press option 2

I opted for DD

 

[Blackmamba24]

Just called Mellon and they said funds were released today so should see DD either today or tomorrow! !!!!!

 

[Virgo86]

the website is back up my status has not changed

Did you do direct deposit? and what is the

I just put the info in the feed, hope that helps!

 

[Postitman36]

The website is back up...but no GET PAID green..lol