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Brown Cafe UPS Forum
UPS Retirement Topics
Just started my 401k, thoughts?
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<blockquote data-quote="Brownslave688" data-source="post: 1218264" data-attributes="member: 34439"><p>Like i said the limit you can put in individually is 17.5 your employer can put in 54k on your behalf. So total 71.5k. I assume this is a way to compensate the employee but not pay taxes on that compensation. </p><p></p><p>The 54k would be about a 25% match on the salary so we are talking about a very well compensated profession here. However we are also talking a profession that takes 7 years of school minimum and someone's life is in your hands at all times.</p></blockquote><p></p>
[QUOTE="Brownslave688, post: 1218264, member: 34439"] Like i said the limit you can put in individually is 17.5 your employer can put in 54k on your behalf. So total 71.5k. I assume this is a way to compensate the employee but not pay taxes on that compensation. The 54k would be about a 25% match on the salary so we are talking about a very well compensated profession here. However we are also talking a profession that takes 7 years of school minimum and someone's life is in your hands at all times. [/QUOTE]
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Just started my 401k, thoughts?
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