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UPS Retirement Topics
Just started my 401k, thoughts?
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<blockquote data-quote="brett636" data-source="post: 1219103" data-attributes="member: 249"><p>Agreed, regardless of which way you choose to save atleast you, and others here are doing so. Too many people wander into retirement hoping to have an income to sustain themselves when they took little or not action to ensure that they would. A pension isn't good enough, and neither is Social Security for those lucky enough to get it. As long as saving for the future is taking place it makes that future something to look forward to rather than dread.</p><p></p><p>On another note, I found this Roth versus traditional IRA calculator(<a href="http://www.bankrate.com/calculators/retirement/roth-traditional-ira-calculator.aspx" target="_blank">Roth vs. traditional IRA calculator</a>) and my findings were interesting. I know its for IRAs and not 401ks, but the tax treatment is pretty much the same. I had a hard time coming up with a scenario where the traditional made more sense. Tax rates can be adjusted both before and during retirement and even when the rate is set significantly lower in retirement the Roth still has move value. I think this goes a long way to settling this debate on Roth versus traditional considering these are the numbers and they simply don't lie.</p></blockquote><p></p>
[QUOTE="brett636, post: 1219103, member: 249"] Agreed, regardless of which way you choose to save atleast you, and others here are doing so. Too many people wander into retirement hoping to have an income to sustain themselves when they took little or not action to ensure that they would. A pension isn't good enough, and neither is Social Security for those lucky enough to get it. As long as saving for the future is taking place it makes that future something to look forward to rather than dread. On another note, I found this Roth versus traditional IRA calculator([url=http://www.bankrate.com/calculators/retirement/roth-traditional-ira-calculator.aspx]Roth vs. traditional IRA calculator[/url]) and my findings were interesting. I know its for IRAs and not 401ks, but the tax treatment is pretty much the same. I had a hard time coming up with a scenario where the traditional made more sense. Tax rates can be adjusted both before and during retirement and even when the rate is set significantly lower in retirement the Roth still has move value. I think this goes a long way to settling this debate on Roth versus traditional considering these are the numbers and they simply don't lie. [/QUOTE]
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Just started my 401k, thoughts?
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