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Brown Cafe UPS Forum
UPS Retirement Topics
How big is your 401k?
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<blockquote data-quote="Elvis" data-source="post: 1413800" data-attributes="member: 6199"><p>My first post. I'm 58, started peak '78, in Western Conference Pension which will pay about $62,000 when I retire in two years. My 401K is $620,000 with $22,000 in Roth401K (the after tax option is a mistake for anyone). I still contribute, but only to the Roth401K. Go with equities and the REIT, you have a pension, there's your safety net. In 12 years my RMD on my 401K will be over $50,000. I'll convert my Roth401K to my regular Roth, my wife and I have $65,000 in our Roth's outside the 401K (she doesn't work). I have $40,000 in UPS stock. We have a $300,000 3.99% mortgage on a $500,000 house on a lake. The Roth money is insurance against living too long, or money for the kids or grandkids if we don't. Real quick on Social Security, I plan to wait till full retirement age to collect, my wife will collect a spousal benefit at her full retirement age of half of mine. Together we'll get about $3,700/month.</p></blockquote><p></p>
[QUOTE="Elvis, post: 1413800, member: 6199"] My first post. I'm 58, started peak '78, in Western Conference Pension which will pay about $62,000 when I retire in two years. My 401K is $620,000 with $22,000 in Roth401K (the after tax option is a mistake for anyone). I still contribute, but only to the Roth401K. Go with equities and the REIT, you have a pension, there's your safety net. In 12 years my RMD on my 401K will be over $50,000. I'll convert my Roth401K to my regular Roth, my wife and I have $65,000 in our Roth's outside the 401K (she doesn't work). I have $40,000 in UPS stock. We have a $300,000 3.99% mortgage on a $500,000 house on a lake. The Roth money is insurance against living too long, or money for the kids or grandkids if we don't. Real quick on Social Security, I plan to wait till full retirement age to collect, my wife will collect a spousal benefit at her full retirement age of half of mine. Together we'll get about $3,700/month. [/QUOTE]
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