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Have i waited to late for UPS
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 297682" data-attributes="member: 12570"><p>I didn't start until I was 28 after having spent 8 years in the Air Force. The first 19 have flown by--11 more to go. As satellite aptly said, it's not how much you make, but how much you are able to save and invest. I currently set aside 20% to my 401k and hope to be able to go to 25% and also take advantage of the "catch-up" provision when I turn 50 (not too far away) which allows us to set aside an additional $5K/yr tax deferred.</p><p> </p><p>One thought that hasn't been discussed is the fact that you don't necessarily have to go for a full pension. You are vested after 5 years and become eligible to receive a pension after 15 years of service. True, it will be a lesser amount, but it will still be a monthly check which, when coupled with your 401k, Social Security, and other investments, may be enough to provide you with a comfortable retirement.</p><p> </p><p>You are the only one who can decide whether you waited too long or whether you are willing to make the commitment to this job to ensure your future security.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 297682, member: 12570"] I didn't start until I was 28 after having spent 8 years in the Air Force. The first 19 have flown by--11 more to go. As satellite aptly said, it's not how much you make, but how much you are able to save and invest. I currently set aside 20% to my 401k and hope to be able to go to 25% and also take advantage of the "catch-up" provision when I turn 50 (not too far away) which allows us to set aside an additional $5K/yr tax deferred. One thought that hasn't been discussed is the fact that you don't necessarily have to go for a full pension. You are vested after 5 years and become eligible to receive a pension after 15 years of service. True, it will be a lesser amount, but it will still be a monthly check which, when coupled with your 401k, Social Security, and other investments, may be enough to provide you with a comfortable retirement. You are the only one who can decide whether you waited too long or whether you are willing to make the commitment to this job to ensure your future security. [/QUOTE]
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