seriously ....

Discussion in 'Holland' started by caddy, Sep 14, 2017.

  1. Northern Flash

    Northern Flash Piss on our Flag, get a boycott against you.

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    I'm guessing that it was "white-out conditions."
    :lmao:

    Wow.......smoke another one, just like the other one.
     
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  2. Northern Flash

    Northern Flash Piss on our Flag, get a boycott against you.

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    It appears as though you are correct. It was implied that I would be able to live quite comfortably off my pension, but nowadays it looks like my pension would come up short of covering a trip to Red Lobster per month.
     
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  3. caddy

    caddy Member

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    maybe, but with little time or no time was my point ... Walmart offers insurance the day you start orientation, paid quarterly safety bonuses , new equipment after 600,000 miles, motel cards or get paid $42 a night to sleep in your truck ... paid holidays ... no limit on sick days ...company contributed 401k .... far better maintained equipment ... 600 mile "days" .... anniversary days ... birthdays
     
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  4. Northern Flash

    Northern Flash Piss on our Flag, get a boycott against you.

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    .....and a steady flow of free meals for their drivers. A good friend of mine works for Wally and loves it. At the end of the week after being gone for four days, he had paid for one meal out of his pocket. Wally covered the rest with spreads of food in their break rooms/lounges.
    Love Wally or hate Wally, they roll out the red carpet for their drivers.
     
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  5. caddy

    caddy Member

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    EXACTLY my point lol ....
     
  6. caddy

    caddy Member

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    they now can't promise you one ... at all
     
  7. troubleman84

    troubleman84 Well-Known Member

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    Man with a family like me couldn’t afford the insurance over there.
     
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  8. Northern Flash

    Northern Flash Piss on our Flag, get a boycott against you.

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    I don't know what they pay for their insurance over there, but I guarantee that yours is better and cheaper.
    But they have some things that are much better than yours also.
    None of these companies have a perfect scenario for every family's needs.
     
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  9. howlinwolf

    howlinwolf Active Member

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    I hired on at wally 09/2014, received my letter to report to work. I then called HR to inquire about insurance and was again told I had first day coverage. I pressed for details and he told me the insurance had a $5,000 deductable before they pay for anything. I replied that was a lot of money for a family to put out in a year. he said that was per person not for a family. At the time you paid $169 bi weekly for this coverage. After your $5,000 they paid 80% of the next $10,000. Thanks but no thanks I remain at Holland
     
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  10. Toby

    Toby Well-Known Member

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    You can work for 100 yrs now to get your $1450 month retirement.
     
  11. Toby

    Toby Well-Known Member

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    You can also invest on your own with the teamsters 401. It's run and managed by prudential and neither the company or the teamsters can dip into it. Sure they don't match, but it allows you to build up your own money and compound interest adds up in the long run.

    Only allocation I recommend is 25% each in these 4 sectors: 25 to hi growth or high risk, 25 to medium growth or medium risk, 25 to slow growth or low risk, and 25 to international. Doing so is a no brainer and you as the account holder can decide your contribution rate as well as manage your allocation's.

    As you get closer to your retirement age start moving more into the slow and medium risk/growth category's and pay attention to your allocations over all.. you are in control of where you put your money..

    Oh and by the way, I will actually be getting more per month return from the 401 than I will from the so called secure pension upon retirement for those who lambast it over pensions. All with no match and even through the givebacks.. plus you can start collecting without a penalty at an earlier age.

    One thing about investing that you have to remember: don't fall pray to focusing on the moment.. it's a long term thing and the big factor to that is compounded interest. Let's set this up and I wish I would have done it then.. a person in their early 20's investing minimum of 15% throughout their working years no matter where they start salary wise (generally goes up as you get older) will by the time they reach 63 years of age have close to 1.3 million dollars banked for retirement no matter the roller coaster known as the daily market. This is done through compound interest. Do not play the individual stocks as an investment either, its mutual funds that are the most stable and manageable over all.

    Those are not my figures by the way, those are figures that have been proven and published. One course everyone should take is Financial Peace University by Dave Ramsey. You can even order the home addition on his website if you can not attend classes offered by your local churches. It's a biblically based Financial plan that helps(if you are willing and dedicated ) to become debt free and allow you to invest in yourself in the end.

    The proverb in the Bible that states," The borrower is slave to the lender" is over 2,000 yrs old and it is absolutely correct! Not only are you a slave to lenders, but also slave to being stuck at a place you may or may not detest due to "lifestyle".. I admit following the program is not easy as you have to become and remain disciplined in your spending and budgeting. But let me tell you, when you cut up that last card and all you have left is your mortgage it's a huge weight off your back!

    Each their own, I know! But brothers and sisters let me tell you by doing so I was able to make the tough decision to walk away from a place that I detested and am in a much better state of mind by doing so! It was not easy, because it takes discipline and most people don't want to take that road. It's easier to live the "lifestyle"..

    By the way when FDR set up Social Security it was stated at that time even that is was intended to supplement a persons own retirement and not to be relied upon as a retirement plan. Pension plans once were the end all to be all and worked well, but over time they have been mismanaged and underfunded. This holds true in both the private sector as well as the public sector. Even back in FDR's time it was the responsibility of the individual to set aside as much as they can for themselves.

    We for the most part wanted to believe in the "promise" of a pension, but it still comes down to the individual to set aside and invest in themselves as much as possible. Even 2%- 4% adds up over time and is not a big deal out of your check.

    History: For those who may not know this. When the market crashed in 29' those who stayed in after the great crash became multi millionaires by 47' .
     
  12. Griz

    Griz Well-Known Member

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    Very good info Toby. I started in the teamsters 401k about 20 years ago with a minimum investment. At this point our pension was in good shape but I was looking for a nest egg. I like yourself started investing till it hurt throughout my strongest earning years and it has paid off nicely to the point I will be retireing at 62 and a1/2. 2019
     
  13. Northern Flash

    Northern Flash Piss on our Flag, get a boycott against you.

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    This is spot on correct. Although most people won't admit it, the real reason that they stay at a job that they don't like is because they have dug themselves a financial hole trying to "keep up with the Jones'". They have indebted themselves so deep that they fear losing a week's pay or even a small cut to their paycheck while transitioning to a new job.
    My wife and I got on the Dave Ramsey way of thinking before Dave even became famous. Oddly enough, our strategy was precisely the same as what Dave has published. Our house was paid for about 9 years ago, and we've been able to coast financially since then, and was able to leave a job that had an atmosphere that I detested.
    Although my original plan for retiring included my Teamsters pension, because of the deep penetration, :2437:we've had to make some adjustments since the announcement of the cuts, but still, since I had a back-up plan and have had a 401k for about 27 years, and have controlled our debt to the lenders, we'll be fine come retirement time. And if by chance I end up receiving my entire pension, I'll have nearly the same income after retirement as I did while I was working.
    It took some discipline, but it's do-able. Don't get caught in the race with your family and neighbors as to who can have the most toys sitting in the driveway, would be my best recommendation.
    :1036316054:
     
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  14. Northern Flash

    Northern Flash Piss on our Flag, get a boycott against you.

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    Based on what someone put on here, it sounds like about $85 per week at Wally. That's not great, but I've heard of worse.
    You should have known when to stopped breeding.:6788:

    :biglaugh:
     
  15. caddy

    caddy Member

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    I'm sure that covered long term (your current pay for 2 years ) and short term disability as well as 2.00 scripts at Walmart ....
     
  16. caddy

    caddy Member

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    Insurance is a major concern i agree but 2019 is right around the corner as everybody knows, and for the old-timers they know what that means and the new guys don't have a clue
     
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  17. Northern Flash

    Northern Flash Piss on our Flag, get a boycott against you.

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    Yep. From what I'm reading, I could make the case that the newbies don't even know that a contract exists.
     
  18. supertrucker72

    supertrucker72 Active Member

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    You pay roughly 250-300 a week for insurance now if you look at it like that
     
  19. yrc-atm

    yrc-atm commodities relocator

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    Or care
     
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  20. wongway

    wongway -15% Pay & Broke Pension Fund

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    Yeah, the Newbies don't even ask or care about the Union , they say I'm just here for the paycheck ! and should say here only on the days they feel like coming in !!
     

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