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Brown Cafe UPS Forum
UPS Retirement Topics
Anyone doing the Roth 401k option?
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<blockquote data-quote="purplesky" data-source="post: 1283626" data-attributes="member: 23628"><p>Chances are the teamster pension will be in big trouble by the time you can retire from UPS and collect a check. SO DO NOT COUNT ON THE TEAMSTER PENSION BEING COMPLETELY THERE IN 25 to 30 YEARS?</p><p></p><p>If the Teamster pension is still around in 30 years it will be paying out much lower monthly amounts per Teamster member. SO YOU WILL BE IN A LOWER TAX BRACKET IN RETIREMENT UNLESS YOUR WIFE IS A DOC OR CEO?</p><p></p><p>I would take the tax break now in the UPS/Teamster traditional 401k and do a Roth outside of the 401k with Fidelity or Vanguard or Scott trade,etc. </p><p></p><p>There isn't a right or wrong answer. But doing both the traditional 401k and a Roth is a win win. </p><p></p><p>Its part of a bucket strategy for retirement saving. Google it and you can find lots of great info.</p><p></p><p>The fact that you are saving at 35 is awesome. I know way too many Teamsters that aren't saving in the 401k at all. I just don't get it? </p><p></p><p>There is a right wing movement in this country to destroy all the unions and pensions and most Americans just don't seem to care?</p></blockquote><p></p>
[QUOTE="purplesky, post: 1283626, member: 23628"] Chances are the teamster pension will be in big trouble by the time you can retire from UPS and collect a check. SO DO NOT COUNT ON THE TEAMSTER PENSION BEING COMPLETELY THERE IN 25 to 30 YEARS? If the Teamster pension is still around in 30 years it will be paying out much lower monthly amounts per Teamster member. SO YOU WILL BE IN A LOWER TAX BRACKET IN RETIREMENT UNLESS YOUR WIFE IS A DOC OR CEO? I would take the tax break now in the UPS/Teamster traditional 401k and do a Roth outside of the 401k with Fidelity or Vanguard or Scott trade,etc. There isn't a right or wrong answer. But doing both the traditional 401k and a Roth is a win win. Its part of a bucket strategy for retirement saving. Google it and you can find lots of great info. The fact that you are saving at 35 is awesome. I know way too many Teamsters that aren't saving in the 401k at all. I just don't get it? There is a right wing movement in this country to destroy all the unions and pensions and most Americans just don't seem to care? [/QUOTE]
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Anyone doing the Roth 401k option?
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