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Teamster UPS 401K - Prudential Financial
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<blockquote data-quote="Benben" data-source="post: 3441947" data-attributes="member: 25133"><p>The most simple way to explain the the difference in the traditional and the ROTH programs is <strong>sometimes</strong> this: Putting the <u>same %'s in</u>: The traditional will lower your weekly take home check NOW by very little but putting it into the ROTH will make your check, <strong>today</strong>, that much smaller. So the ROTH for a younger worker counting those pennies for the family may not be the best choice. This is a crying shame because the ROTH would benefit the younger worker with many working years ahead of them more than the rest of us...IMO</p><p></p><p></p><p></p><p><strong><em><u><span style="color: #ff4d4d">careful now!</span></u></em></strong> It is exactly that kind of thinking that made 2008 so horrible for for many at or close to retirement. Those who could not ride it out into 2012 and beyond and had to get out totally with staggering loses. #1 and #2 are wonderful for those close to retirement! Hell I trimmed 25% off the top in everyone of my "baskets" in January and dumped them there trying to lock in some of my 2017 gains! #6 show be on everyone's radar! Thinking the US markets are the "end all, be all" is Trumpian foolishness. I agree #7 is to risky even for me in this raising interest environment.</p><p></p><p></p><p></p><p>There was actually a study released last year or maybe 2016 that showed a rather large and scary number of target date funds not adjusting risk when they approached the target date!</p></blockquote><p></p>
[QUOTE="Benben, post: 3441947, member: 25133"] The most simple way to explain the the difference in the traditional and the ROTH programs is [B]sometimes[/B] this: Putting the [U]same %'s in[/U]: The traditional will lower your weekly take home check NOW by very little but putting it into the ROTH will make your check, [B]today[/B], that much smaller. So the ROTH for a younger worker counting those pennies for the family may not be the best choice. This is a crying shame because the ROTH would benefit the younger worker with many working years ahead of them more than the rest of us...IMO [B][I][U][COLOR=#ff4d4d]careful now![/COLOR][/U][/I][/B] It is exactly that kind of thinking that made 2008 so horrible for for many at or close to retirement. Those who could not ride it out into 2012 and beyond and had to get out totally with staggering loses. #1 and #2 are wonderful for those close to retirement! Hell I trimmed 25% off the top in everyone of my "baskets" in January and dumped them there trying to lock in some of my 2017 gains! #6 show be on everyone's radar! Thinking the US markets are the "end all, be all" is Trumpian foolishness. I agree #7 is to risky even for me in this raising interest environment. There was actually a study released last year or maybe 2016 that showed a rather large and scary number of target date funds not adjusting risk when they approached the target date! [/QUOTE]
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