I would like to offer my sincere thanks to all of you that have submitted a
lead. I know that during this time, it has been hard to maintain social distancing
and still participate in this program. The leads that you were able to submit will
hopefully help that customer by changing for the better the way they do business.
If the business gained a new customer or a less expensive way to ship a package,
then it has all been well worth it. The main purpose of this program is to help our
customers grow their businesses, while at the same time making sure the Postal
Service thrives with each new lead.
EDDM is probably the least expensive way to advertise. And when it comes
to shipping, who’s better than us? We deliver to every door, every day. Anyone
who has worked for the post office over the last five years has surely noticed that
the volume of mail has declined in that timeframe. Maybe it’s due to COVID 19,
but one thing we have noticed is that companies have found their own unique
way to do business, whether doing so from home or by leasing a smaller space
to save on rent.
For the skeptical carriers who are unsure of taking part in the program,
remember one thing if nothing else, our jobs are at stake. If the Postal Service
goes private, who will be cut? Will the company want to save money and pay the
people at the bottom pay scale because their pay rate is lower or will they value
years of service. Which one would you pick?
If you know someone that may benefit from our service, get their business
name, address and phone number and submit it. We would also need to know
the name of the person to contact. Also we must know if we must reach out at
a certain time or need to speak a different language other than English. Give
that lead to your coordinator or steward, or reach out to me through text at
The MBA has a Retirement Plan for CCAs and all CCAs should look into
this Retirement Savings Plan. This savings plan is offered in 2 different ways, a
traditional IRA or a Roth IRA.
In the traditional IRA, your contributions may be deducted from your fed-
eral taxes each year. The good news is that your earnings are tax free until the
time of withdrawal. At the age of 59 and 6 months or older you can withdraw
the principal and earnings which will then be taxed as an ordinary income. The
max an individual under the age of 50 can contribute annually is $6,000, but if
you reach the age of 50 or older by the end of 2021, you can add an additional
$1,000 in a catch-up contribution. There is a modified adjusted income gross
eligibility limit: $66,000 for single filers and $105,000 for married couples
When you become a career employee, you can transfer your traditional IRA
into your new Thrift Savings Plan. In the Roth IRA, your contributions are not
tax deductible and the earnings accumulated are tax free. When you withdraw
this policy, it is tax free if the policy owner had the policy for a minimum of 5
years and is at least 59 and 6 months of age. Your max contribution is $6,000
per person each tax year, but if you are 50 years or older by the end of 2021
your max amount is $7,000 each tax year. The modified adjusted gross income
cannot exceed $140,000 for single filers and $206,000 for married couples who
file jointly. Unfortunately, the Thrift Savings Plan is not set to receive a Roth
It’s easy to sign up. You can visit the website at Nalc.org/mba and request an
automatic deduction from your paycheck; it is the easiest way because you can
adjust your contributions. You can stop and start making payments, even make
lumps sums whenever you like. The MBA can bill you monthly or annually. If
you need emergency cash, you can make a withdrawal after one year and still
stay in the plan, but you are subjected to certain minimums and limitations. Also,
for the first 6 years in the plan, you will pay a surrender charge on the amount of
your withdrawal plus additional IRS penalties may apply. You can also surrender
your policy for its cash value at any time.
There are four different ways to collect this policy when you reach retirement
and ready to collect your benefits.
1) Life Annuity with period certain. You’ll receive a lifetime of monthly
payments. You’re guaranteed payments for as long as you live and if you were
to pass during a specified period (5, 10, 15 or 20 years), your payments will go
to your beneficiary until the end of your policy.
2) Life Annuity. You will receive their payments monthly until their passing.
Beneficiary will not receive any payments.
3) Joint Life Annuity. Both you and your beneficiary will receive monthly
payments as long as either of you lives.
4) Full Cash Refund. You will receive monthly payments. When you pass,
the MBA will pay out the rest of the money to your beneficiary.
Take the time and please read one of the brochures and find the plan that’s
best for you. Be safe, wear your mask and remain blessed.