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401k questions
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<blockquote data-quote="NedFlanders" data-source="post: 492827" data-attributes="member: 10716"><p>Ive been a full time driver for over year now and need to start thinking about signing up for the 401k plan. I am in my mid 20s, no kids, still live w/ my parents. I have the usual bills to pay (minus rent, but including student loans)</p><p>Im currently trying to save up to get my own place. </p><p></p><p>About how much should i be setting aside into the 401k? Does this money get invested or does it just sit there in an account? Does UPS match 401k contributions? anything else i need to know? This is totally different then the pension plan, correct?</p><p></p><p></p><p></p><p></p><p>thanks for any help</p></blockquote><p></p>
[QUOTE="NedFlanders, post: 492827, member: 10716"] Ive been a full time driver for over year now and need to start thinking about signing up for the 401k plan. I am in my mid 20s, no kids, still live w/ my parents. I have the usual bills to pay (minus rent, but including student loans) Im currently trying to save up to get my own place. About how much should i be setting aside into the 401k? Does this money get invested or does it just sit there in an account? Does UPS match 401k contributions? anything else i need to know? This is totally different then the pension plan, correct? thanks for any help [/QUOTE]
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