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Brown Cafe UPS Forum
UPS Retirement Topics
Just started my 401k, thoughts?
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 1218191" data-attributes="member: 12570"><p>You can switch your 3% over to the Roth 401k but you cannot comingle the funds between the traditional and Roth as the former is pre-tax while the latter is post-tax. You would basically have 2 401k's going at the same time. One of the big selling points of a 401k is the compounding----the higher your balance, the more you make----and having 2 401ks reduces the benefits of compounding.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 1218191, member: 12570"] You can switch your 3% over to the Roth 401k but you cannot comingle the funds between the traditional and Roth as the former is pre-tax while the latter is post-tax. You would basically have 2 401k's going at the same time. One of the big selling points of a 401k is the compounding----the higher your balance, the more you make----and having 2 401ks reduces the benefits of compounding. [/QUOTE]
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Just started my 401k, thoughts?
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