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UPS Retirement Topics
How big is your 401k?
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<blockquote data-quote="beatupbrown" data-source="post: 1415615" data-attributes="member: 4488"><p>I do like topics such as this one, when I was in package car I maxed out my 401-k to 22% some pre other post tax. I did not buy the big house that the realtor pressured me so she can make more money. I was blessed with a good paying job so I saved aggressively when I could .I saved for retirement first, college savings second. College is a great topic I have studied on that topic a lot and have real life experience; I have one in and one coming. I will look for a thread college or start one.</p><p></p><p>Like I said before I am a big fan of Index funds i.e. <strong>passive investing low fees ,</strong> maintenance cost, well diversified small cap .Mid cap, large cap .International, in several index funds or one fund. I prepared for A cataclysmic loss of A job, wife lose job, living well below my earnings ….I have to admit I like some Dave Ramsey basically common sense spending. I disagree on his investment advisor advice he likes Fee based advisor that can have A dark side to it as in kick backs from different companies, Insurance etc for landing a account plus higher fees .I like Fee only fiduciary advisor big difference. Dave is a great salesman that man tries to make money on everything he can yoyos, shoelaces, paying to join a web site amazing all they crap he tries to squeeze a penny out of..I paid everything I could off no expensive vacation, eating out a lot etc…the house was a big one to pay off, any one can do it! This paragraph really has no bearing to current UPS folks, concerning the investing part unless you are retired or have no access to 401-K, use every tax advantage you can before buying into a post tax fund.</p><p></p><p>Just wonder what the current UPS 401-k has for an index passive investment stratgery? Over the long haul it beats most if not all managed funds mainly because of the heavy fees compounding over many years.</p></blockquote><p></p>
[QUOTE="beatupbrown, post: 1415615, member: 4488"] I do like topics such as this one, when I was in package car I maxed out my 401-k to 22% some pre other post tax. I did not buy the big house that the realtor pressured me so she can make more money. I was blessed with a good paying job so I saved aggressively when I could .I saved for retirement first, college savings second. College is a great topic I have studied on that topic a lot and have real life experience; I have one in and one coming. I will look for a thread college or start one. Like I said before I am a big fan of Index funds i.e. [B]passive investing low fees ,[/B] maintenance cost, well diversified small cap .Mid cap, large cap .International, in several index funds or one fund. I prepared for A cataclysmic loss of A job, wife lose job, living well below my earnings ….I have to admit I like some Dave Ramsey basically common sense spending. I disagree on his investment advisor advice he likes Fee based advisor that can have A dark side to it as in kick backs from different companies, Insurance etc for landing a account plus higher fees .I like Fee only fiduciary advisor big difference. Dave is a great salesman that man tries to make money on everything he can yoyos, shoelaces, paying to join a web site amazing all they crap he tries to squeeze a penny out of..I paid everything I could off no expensive vacation, eating out a lot etc…the house was a big one to pay off, any one can do it! This paragraph really has no bearing to current UPS folks, concerning the investing part unless you are retired or have no access to 401-K, use every tax advantage you can before buying into a post tax fund. Just wonder what the current UPS 401-k has for an index passive investment stratgery? Over the long haul it beats most if not all managed funds mainly because of the heavy fees compounding over many years. [/QUOTE]
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