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UPS Discussions
401(k) allocations
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<blockquote data-quote="104Feeder" data-source="post: 1036155" data-attributes="member: 42554"><p>The problem with targeted retirement funds such as Bright Horizon is that while they move your money to a more conservative position near the targeted date, they still leave you exposed in riskier areas such as stocks <em>after</em> that date so you might want to move it from those funds into other areas. People forget that you can't withdraw from your 401k penalty free until age 59 1/2 and this <em>may not be the the same as your UPS retirement date</em>. In many cases someone who started with UPS at age 18 can retire at 50 allowing for almost 10 more years of growth minimum. Also, you'd be better off delaying distributions from your 401k as long as possible.</p><p></p><p>A good source for free information to learn about your 401k and investing choices is <a href="http://www.clarkhoward.com" target="_blank">Clark Howard: Save More, Spend Less and Avoid Rip-offs | www.clarkhoward.com</a></p></blockquote><p></p>
[QUOTE="104Feeder, post: 1036155, member: 42554"] The problem with targeted retirement funds such as Bright Horizon is that while they move your money to a more conservative position near the targeted date, they still leave you exposed in riskier areas such as stocks [I]after[/I] that date so you might want to move it from those funds into other areas. People forget that you can't withdraw from your 401k penalty free until age 59 1/2 and this [I]may not be the the same as your UPS retirement date[/I]. In many cases someone who started with UPS at age 18 can retire at 50 allowing for almost 10 more years of growth minimum. Also, you'd be better off delaying distributions from your 401k as long as possible. A good source for free information to learn about your 401k and investing choices is [url=http://www.clarkhoward.com]Clark Howard: Save More, Spend Less and Avoid Rip-offs | www.clarkhoward.com[/url] [/QUOTE]
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