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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: 1415584" data-attributes="member: 6199"><p>Sorry, I was trying to be brief and failed. We sold our house that we bought in 1990 and had paid off, and bought this, our only house last year. It cost more, but will appreciate faster than the old one, plus I commute 17 instead of 24 miles one way. Not all the money from the sale of the old house went into this one. That's how I'm able to max the 401K, our Roths, and buy $10,000 UPS stock.</p><p> Our first house that we bought in 1981, mortgage rates were 18%. We had a 12% contract with the seller. So, I feel pretty good about the 3.99%. Even though I too hate debt.</p><p> Can't remember who said it or the exact words but it goes something like:</p><p>They'll loan you money for education, a car, even a house, but nobody is going to loan you money to retire.</p></blockquote><p></p>
[QUOTE="Elvis, post: 1415584, member: 6199"] Sorry, I was trying to be brief and failed. We sold our house that we bought in 1990 and had paid off, and bought this, our only house last year. It cost more, but will appreciate faster than the old one, plus I commute 17 instead of 24 miles one way. Not all the money from the sale of the old house went into this one. That's how I'm able to max the 401K, our Roths, and buy $10,000 UPS stock. Our first house that we bought in 1981, mortgage rates were 18%. We had a 12% contract with the seller. So, I feel pretty good about the 3.99%. Even though I too hate debt. Can't remember who said it or the exact words but it goes something like: They'll loan you money for education, a car, even a house, but nobody is going to loan you money to retire. [/QUOTE]
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