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How much $ do you put in 401k?
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 285521" data-attributes="member: 12570"><p>upsgrunt, the pension is paid by the union, not UPS, and our pension here in Upstate NY is among the best in the country. We have a driver who will be retiring this spring and he has been told that he can expect to receive just over $5,000/month (before taxes) as his pension. That does not include his 401k, IRAs and Social Security, so my estimate of a pension of approx. $6,000/month (before taxes, in 2019) is realistic, if not on the low side. Of course, 16% of that will go to my ex, but the remainder, along with my 401k and Social Security, should make for a comfortable retirement.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 285521, member: 12570"] upsgrunt, the pension is paid by the union, not UPS, and our pension here in Upstate NY is among the best in the country. We have a driver who will be retiring this spring and he has been told that he can expect to receive just over $5,000/month (before taxes) as his pension. That does not include his 401k, IRAs and Social Security, so my estimate of a pension of approx. $6,000/month (before taxes, in 2019) is realistic, if not on the low side. Of course, 16% of that will go to my ex, but the remainder, along with my 401k and Social Security, should make for a comfortable retirement. [/QUOTE]
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