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Brown Cafe UPS Forum
UPS Union Issues
Teamster national 401(k) tax deferred savings plan
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<blockquote data-quote="slaveofbigbrown" data-source="post: 971630" data-attributes="member: 36886"><p>regard less how long you plan on working there i would start putting some money away for later! My suggestion would be maybe though with someone else. Fidelity, Merrill, etc etc. Prudential is good unless you come across a hard time and need some money. There very strict on giving it to you. Yes they are protecting your portfolio which is good but sometimes tough situations arrive and you wont be able to get it from them like you would someone else. The good part though is they treat it like a loan so you dont get taxed and penalized and take a weekly adjustment to pay back (up to 5 yrs) this way you wont get screwed at the end of the yr during tax time.</p></blockquote><p></p>
[QUOTE="slaveofbigbrown, post: 971630, member: 36886"] regard less how long you plan on working there i would start putting some money away for later! My suggestion would be maybe though with someone else. Fidelity, Merrill, etc etc. Prudential is good unless you come across a hard time and need some money. There very strict on giving it to you. Yes they are protecting your portfolio which is good but sometimes tough situations arrive and you wont be able to get it from them like you would someone else. The good part though is they treat it like a loan so you dont get taxed and penalized and take a weekly adjustment to pay back (up to 5 yrs) this way you wont get screwed at the end of the yr during tax time. [/QUOTE]
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