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Brown Cafe UPS Forum
UPS Retirement Topics
Anyone doing the Roth 401k option?
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<blockquote data-quote="brett636" data-source="post: 1283625" data-attributes="member: 249"><p>I'm 31 years old as of right now, and unless things change I plan on waiting till my 35 years fulltime which will make me 59(the same year I can withdraw from my 401k penalty free) at that point. Thats plenty of time for compound growth to do its magic and turn my little nest egg into a much larger one. I will still have the traditional portion of my 401k and it is still growing, but just by pure growth and not by any future contributions on my part. Considering I have both portions of my 401k invested in the same funds both are growing at about the same rate, but all the growth on the Roth side I get to keep(for now) while I will only see around 70%-80% of the growth on the traditional once taxes are figured in.</p></blockquote><p></p>
[QUOTE="brett636, post: 1283625, member: 249"] I'm 31 years old as of right now, and unless things change I plan on waiting till my 35 years fulltime which will make me 59(the same year I can withdraw from my 401k penalty free) at that point. Thats plenty of time for compound growth to do its magic and turn my little nest egg into a much larger one. I will still have the traditional portion of my 401k and it is still growing, but just by pure growth and not by any future contributions on my part. Considering I have both portions of my 401k invested in the same funds both are growing at about the same rate, but all the growth on the Roth side I get to keep(for now) while I will only see around 70%-80% of the growth on the traditional once taxes are figured in. [/QUOTE]
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Anyone doing the Roth 401k option?
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