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Brown Cafe UPS Forum
UPS Retirement Topics
401K set up advice
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<blockquote data-quote="Richard Harrow" data-source="post: 1259604" data-attributes="member: 29614"><p>It's your money, but I don't recommend it. 5% is not enough of a discount as far as I'm concerned. The stock pays a healthy dividend, but unless you're buying a lot of it, it will take awhile before you see any significant gains through DRIP (dividend re-investment program).</p><p></p><p>I have an individual account for purchasing stock on ScotTrade. With 19 years to go before I am eligible to retire, I prefer to get in on the ground floor with stocks that are inexpensive with room for growth. I see it like this: UPS gives me between $80 and $90k most years, I'm not down with giving any of it back at only a 5% discount lol.</p></blockquote><p></p>
[QUOTE="Richard Harrow, post: 1259604, member: 29614"] It's your money, but I don't recommend it. 5% is not enough of a discount as far as I'm concerned. The stock pays a healthy dividend, but unless you're buying a lot of it, it will take awhile before you see any significant gains through DRIP (dividend re-investment program). I have an individual account for purchasing stock on ScotTrade. With 19 years to go before I am eligible to retire, I prefer to get in on the ground floor with stocks that are inexpensive with room for growth. I see it like this: UPS gives me between $80 and $90k most years, I'm not down with giving any of it back at only a 5% discount lol. [/QUOTE]
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