Time to bump up that 401k

[Rack em]

We get our raise today. Don't forget to turn up that 401k

Not all of us got a raise today But I'll still bump it up since I haven't in a while.

 

[IVE GOTTA PACKAGE 4U]

Not all of us got a raise today But I'll still bump it up since I haven't in a while.

You will thank yourself later in life. Good job

 

[turq]

Anybody else use the self managed feature with your 401k? I am actually doing a little better than the Prudential funds I am in. I have about 1/3 in the self managed account. I am kind of chicken to go much further than that, as I only have about 5 years to go before retirement.

 

[IVE GOTTA PACKAGE 4U]

Anybody else use the self managed feature with your 401k? I am actually doing a little better than the Prudential funds I am in. I have about 1/3 in the self managed account. I am kind of chicken to go much further than that, as I only have about 5 years to go before retirement.

I used , not anymore. Just don't put too much money in any one stock.

 

[Bad Gas!]

I made 127k last year and was unable to contribute the maximum under the Prudential Retirement plan. The reason for this was because of a law that restricts employees of companies that are deemed highly compensated, to contribute the federally allowed maximum to their own 401ks if not enough lower earners of the company aren't contributing enough to their own 401ks

The reason for this is to prevent the HCE (highly compensated employees) to use the 401k as strictly a tax shelter and to incentivize the lower employees to contribute to keep the HCE's able to contribute the max.

The problem UPS has is we are offered a pension, so many don't think they have a reason to contribute to the 401k in the first place. Secondly, I have no control over decisions that are made as I'm just a driver, but am being punished because I worked my ass off to achieve that level of salary last year.

Needless to say, one of the reasons I'm not working as much this year is because of the aforementioned.

Sorry that it's not 35 words or less, but I hope I cleared up any confusion.

Congrats on an awesome income year!

 

[IVE GOTTA PACKAGE 4U]

Congrats on an awesome income year!

It is but that also means you are working too many hours.

 

[turq]

I used , not anymore. Just don't put too much money in any one stock.

yeah Thanks. I'm pretty diversified with it. 3 stocks, 4 ETF's and 1 mutual fund. So far so good. I'm a little bearish on where I think we are heading, and didn't feel like Prudential had much options. The Dreyfus site is so much better than the Prudential site for research and such. The Prudential site is pretty lame if you ask me.

 

[IVE GOTTA PACKAGE 4U]

yeah Thanks. I'm pretty diversified with it. 3 stocks, 4 ETF's and 1 mutual fund. So far so good. I'm a little bearish on where I think we are heading, and didn't feel like Prudential had much options. The Dreyfus site is so much better than the Prudential site for research and such. The Prudential site is pretty lame if you ask me.

I'm in a similar situation as you. I want it to grow but I don't want to pick the wrong things and set my retirement date back. Look at the hit UPS stock just took. 4% is a lot to lose in one day. Good luck to you, hope you got a home run.

 

[Jones]

There's a pretty short list of people who have consistently beat the market and none of them are driving a truck for a living.

 

[olroadbeech]

Anybody else use the self managed feature with your 401k? I am actually doing a little better than the Prudential funds I am in. I have about 1/3 in the self managed account. I am kind of chicken to go much further than that, as I only have about 5 years to go before retirement.

My sma was doing better also but I only had about 15% in it and was afraid to self manage more. I think it was mainly some luck. I just put the highest yielding blue chip stocks in it like at and t and johnson and johnson. stuff good blue chips and a couple strong performing ( 10 year performance ) Vanguard mutual funds.

 

[What'dyabringmetoday???]

What is this 401K you all speak of? Lol.

 

[IVE GOTTA PACKAGE 4U]

What is this 401K you all speak of? Lol.

Don't you put any money away for retirement?

 

[What'dyabringmetoday???]

Don't you put any money away for retirement?

Everyone at work says we should be able to live on the pension. Don't tell me they pulled the wool over my eyes. Back to your question- please notice the lol at the end of my post. I guess I am the only one who thinks that I am funny. Lol.

 

[IVE GOTTA PACKAGE 4U]

Everyone at work says we should be able to live on the pension. Don't tell me they pulled the wool over my eyes. Back to your question- please notice the lol at the end of my post. I guess I am the only one who thinks that I am funny. Lol.

Can't count on pension or social security anymore. Got to take care of yourself. O know you are joking but many drivers believe what you posted.

 

[What'dyabringmetoday???]

Everyone at work says we should be able to live on the pension. Don't tell me they pulled the wool over my eyes. Back to your question- please notice the lol at the end of my post. I guess I am the only one who thinks that I am funny. Lol.

Also- why would I retire when I have so much fun. Easiest place I ever worked at. I just hope I outlast the batteries on the drones. Lol.

 

[What'dyabringmetoday???]

Can't count on pension or social security anymore. Got to take care of yourself. O know you are joking but many drivers believe what you posted.

Does saving up empty beer cans count? I mean the ones I find along the roadside. Lol.

 

[Catatonic]

Also- why would I retire when I have so much fun. Easiest place I ever worked at. I just hope I outlast the batteries on the drones. Lol.

That's because you work in the BOG.

 

[upschuck]

Can't count on pension or social security anymore. Got to take care of yourself. O know you are joking but many drivers believe what you posted.

Personally, I think that SS will be there, because whoever votes it out, or the like, will not be re-elected the next cycle. Political suicide.

 

[IVE GOTTA PACKAGE 4U]

Personally, I think that SS will be there, because whoever votes it out, or the like, will not be re-elected the next cycle. Political suicide.

It will be there to some degree, but maybe a lesser payout and taxed at a higher rate?

 

[Coldworld]

Does saving up empty beer cans count? I mean the ones I find along the roadside. Lol.

I remember a story in the news a while back of a man who actually put his kid(s) through college just by collecting cans and bottles for the return deposit he received...