Jackburton
Gone Fish'n
This sums up most drivers who will make it to the end of thier career with a size able nest egg if they don't spend everything they make.
Peak Dispatching: Pathetic
- Thread starter Overpaid Union Thug
- Start date
UpstateNYUPSer(Ret)
Well-Known Member
Just how "comfortable" does a retiree need to be? I will be debt free and will have $200K in my 401k, a $5K/month pension and $1.2K/month SS. I will be eating the good kind of cat food when I retire.
Notretiredyet
Well-Known Member
Fancy Feast?
BakerMayfield2018
Fight the power.
Keep counting that money on the table. Get up higher on that horse. Life happens bro. Most of the time just when u think your set..... Just sayin....
jumpman23
Oh Yeah
Exactly what the hell you going to do during the week anyway. You get home too late anyway so why not just stay out. Im still going to do the same thing i do every night and go to bed at 1am regardless. Go home and do nothing or stay out at 50 bux an hour. Easy choice really. But then again you got people who cry like lil girls on here if they get home too late or dont get enough sleep every night. Really go home n cry to your mammies lol.
UnconTROLLed
perfection
I don't agree with this.Exactly what the hell you going to do during the week anyway. You get home too late anyway so why not just stay out. Im still going to do the same thing i do every night and go to bed at 1am regardless. Go home and do nothing or stay out at 50 bux an hour. Easy choice really. But then again you got people who cry like lil girls on here if they get home too late or dont get enough sleep every night. Really go home n cry to your mammies lol.
UpstateNYUPSer(Ret)
Well-Known Member
Keep counting that money on the table. Get up higher on that horse. Life happens bro. Most of the time just when u think your set..... Just sayin....
It's called financial planning.
Maple Grove MN Driver
Cocaine Mang!
200k is chump change in a 401k my 401k is fat to the tune of almost 2 million
Keeping stay at home moms satisfied since 1986
Keeping stay at home moms satisfied since 1986
UpstateNYUPSer(Ret)
Well-Known Member
$200K may be chump change to you but when the national average as of November is $84,300 I am feeling pretty good about where I am.
screamin chicken
Well-Known Member
i need to start a 401 K, been here since preload, 7 yrs. and now a driver for 15 yrs. man it goes fast, i could have a decent amount. I do have a IRA account though....
UpstateNYUPSer(Ret)
Well-Known Member
401k's rely on two key components----compounding and time; unfortunately, because you have waited so long, you may not be able to take full advantage of these benefits. If it were me I would continue to fully fund my IRA and combine that with my pension for my retirement income.
screamin chicken
Well-Known Member
Ok Thanks for the info Upstate....
gingerkat
Well-Known Member
Two questions.
1. When did you start working
2. Hold old are you
You must have started working at about 10 and you are now about 167. Am I right?
Maple Grove MN Driver
Cocaine Mang!
27 years of service driving at UPS. My 401k is maxed with pre tax contributions, I contribute an additional 15 percent post tax. Being single and no kids means putting a bunch of money in my investments.
Pay yourself first is the key.
Keeping stay at home moms satisfied since 1986
UpstateNYUPSer(Ret)
Well-Known Member
IRS rules limit total contributions in 2013 to $17.5K ($23K if 50 or older).
Maple Grove MN Driver
Cocaine Mang!
Pre tax you are correct. Post tax you are not limited.
Keeping stay at home moms satisfied since 1986
Maple Grove MN Driver
Cocaine Mang!
In my case it is not limited because I would have to put 50% of my income into the 401k to hit the limit, the limit for pre and post tax contributions is around 50k or something. I will end up contributing almost 35k to my 401k this year.
I save roughly 45% of my income each year.
All about retiring in 3 years at the age of 54.
Going to be great
Keeping stay at home moms satisfied since 1986
I save roughly 45% of my income each year.
All about retiring in 3 years at the age of 54.
Going to be great
Keeping stay at home moms satisfied since 1986
UpstateNYUPSer(Ret)
Well-Known Member
Plan Rule: Maximum election across all contribution types (excluding catch-up , OPTION WEEK, ROTH OPTION WEEK) is 40.00%.
Plan Rule: Maximum election across all catch-up contribution types is 35.00%.
So you can contribute up to 75% of your pay? I never realized that.
Plan Rule: Maximum election across all catch-up contribution types is 35.00%.
So you can contribute up to 75% of your pay? I never realized that.
Similar threads
