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Brown Cafe UPS Forum
UPS Retirement Topics
How big is your 401k?
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<blockquote data-quote="purplesky" data-source="post: 1412135" data-attributes="member: 23628"><p>I will throw in the value of "time" when investing. START SAVING IN YOUR 20s AND SAVE ATLEAST 15%.</p><p></p><p>The key to investing and super saving is to invest and save until it <strong>hurts</strong> WHEN YOU ARE YOUNG. </p><p></p><p>If you don't. You will not be retiring early in your 50s on your own terms. </p><p></p><p>I really don't know any union UPSERs who have left UPS early because they had a huge retirement portfolio. They left for health issues or unfortunately lost their job due to termination. </p><p></p><p>So live below your means. No big car or boat payments. Save and pay cash for toys. Stay away from credit card debt. </p><p></p><p>Investing is about time. So start young at 15%. No excuses.</p></blockquote><p></p>
[QUOTE="purplesky, post: 1412135, member: 23628"] I will throw in the value of "time" when investing. START SAVING IN YOUR 20s AND SAVE ATLEAST 15%. The key to investing and super saving is to invest and save until it [B]hurts[/B] WHEN YOU ARE YOUNG. If you don't. You will not be retiring early in your 50s on your own terms. I really don't know any union UPSERs who have left UPS early because they had a huge retirement portfolio. They left for health issues or unfortunately lost their job due to termination. So live below your means. No big car or boat payments. Save and pay cash for toys. Stay away from credit card debt. Investing is about time. So start young at 15%. No excuses. [/QUOTE]
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How big is your 401k?
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