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Brown Cafe UPS Forum
UPS Union Issues
401k plan participation
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<blockquote data-quote="ihadit" data-source="post: 195572" data-attributes="member: 9495"><p>Done quite well with the 401K. I put it in the self managed account and picked a variety of mutual funds highly rated by morningstar; last years return averaged just over 17%. I also used to invest in UPS stock thru payroll deduction but have become so disgusted by the way the company is being run and the pitiful return since the stock went public I've stopped it. Instead beefed up the 401K and max out my Roth IRA contribution every year, best move ever. UPS is not what it used to be, way to many negatives. Now if we could only get posession of the pension before UPS and the Union finally drive that into the ground! Always pay yourself first, its the only way to get rich.</p></blockquote><p></p>
[QUOTE="ihadit, post: 195572, member: 9495"] Done quite well with the 401K. I put it in the self managed account and picked a variety of mutual funds highly rated by morningstar; last years return averaged just over 17%. I also used to invest in UPS stock thru payroll deduction but have become so disgusted by the way the company is being run and the pitiful return since the stock went public I've stopped it. Instead beefed up the 401K and max out my Roth IRA contribution every year, best move ever. UPS is not what it used to be, way to many negatives. Now if we could only get posession of the pension before UPS and the Union finally drive that into the ground! Always pay yourself first, its the only way to get rich. [/QUOTE]
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