UPS Special Pension Payment Offer

[Jackburton]

No tax on a rollover

Direct rollover.

 

[IVE GOTTA PACKAGE 4U]

Unless it's to a roth.

He doesn't have to do it all at one time

 

[IVE GOTTA PACKAGE 4U]

Direct rollover.

Trust to trust transfer

 

[upsbeernut]

Leaving or retiring?

Retiring

 

[AwashBwashCwash]

WTF???
36K?
How long have you worked there?

My plan is to quit after 4 years when I finish my degree but if that's the lump sum payment maybe I should stay for an extra year just to get vested?

 

[KOG72]

take the lump sum and have @BakerMayfield2018 bet it on football this weekend

you’ll be rich beyond your dreams

He better take the second one so he’ll atleast have money next month

 

[upsbeernut]

WTF???
36K?
How long have you worked there?

My plan is to quit after 4 years when I finish my degree but if that's the lump sum payment maybe I should stay for an extra year just to get vested?

Do it

 

[AwashBwashCwash]

I just searched his messages and apparently he's been with the company for over 10 years so if I was offered a buy out it wouldn't be this high.

I wonder what amount they would offer for 5 years.

 

[Fnix]

I just searched his messages and apparently he's been with the company for over 10 years so if I was offered a buy out it wouldn't be this high.

I wonder what amount they would offer for 5 years.

High? Who would even take this? $36,000 is chump change.

 

[Jackburton]

High? Who would even take this? $36,000 is chump change.

Wouldn’t even pay for options on a new Lambo.

 

[IVE GOTTA PACKAGE 4U]

WTF???
36K?
How long have you worked there?

My plan is to quit after 4 years when I finish my degree but if that's the lump sum payment maybe I should stay for an extra year just to get vested?

Less than 5=0 pension

 

[upsbeernut]

Retiring

Opp what’s going on in your life?

 

[IVE GOTTA PACKAGE 4U]

Opp what’s going on in your life?

Quoting yourself?

 

[IVE GOTTA PACKAGE 4U]

thats right good point

You can invest that and have a much bigger payout down the line

 

[upsbeernut]

thats right good point

Taxes suck and where to the go?

 

[IVE GOTTA PACKAGE 4U]

Taxes suck and where to the go?

Put it into an IRA and pay the taxes only on the portion they you take out.

 

[MattM]

So you’re leaving UPS To work elsewhere? Your age isn’t a factor here? I’d probably defer it to 2040.

I’m with Western conference. I didn’t realize there was options upon retirement.

 

[brownnblue99]

Question? Do you have to retire to get these options. What if you quit? How long until you would be able to apply for the 3 options?

 

[Gipsee]

I just searched his messages and apparently he's been with the company for over 10 years so if I was offered a buy out it wouldn't be this high.

I wonder what amount they would offer for 5 years.

Mine was that high for 5 years vested. I left 14 years ago.

 

[KOG72]

Mine was that high for 5 years vested. I left 14 years ago.

All that money ,gone????