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UPS Retirement Topics
This can not be right? 401K UPS
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<blockquote data-quote="Xexys" data-source="post: 1332994" data-attributes="member: 47259"><p>Remember, the 401k was not introduced until 1991. Before that, we had the Thrift plan that was abolished and only a portion of which could be directed toward the 401k. This and the fact that many of the plans participants (in my opinion) didn't/don't aggressively invest, could account for the poor average. Many employees find it very difficult to put away money as most live beyond their means. If you can put away 10% of your money in the 401k I think you're on your way to a fine investment, especially if you keep that up for 30+ years during your working career.</p></blockquote><p></p>
[QUOTE="Xexys, post: 1332994, member: 47259"] Remember, the 401k was not introduced until 1991. Before that, we had the Thrift plan that was abolished and only a portion of which could be directed toward the 401k. This and the fact that many of the plans participants (in my opinion) didn't/don't aggressively invest, could account for the poor average. Many employees find it very difficult to put away money as most live beyond their means. If you can put away 10% of your money in the 401k I think you're on your way to a fine investment, especially if you keep that up for 30+ years during your working career. [/QUOTE]
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