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Brown Cafe UPS Forum
UPS Retirement Topics
Anyone out there drawing a monthly stipend from their Teamster/UPS 401K?
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<blockquote data-quote="Ms.PacMan" data-source="post: 3330425" data-attributes="member: 4656"><p>There are no RMD's on the Roth 401k or. Roth IRA because the money has already been taxed. You will have RMDs on regular IRA's and a regular 401k.</p><p></p><p>Pros:The fees in the 401k are lower than Vanguard (and were lowered again earlier this year) and the index funds are excellent.</p><p></p><p>A 401k is safe from lawsuits (and maybe bankruptcy) but an IRA is not.</p><p></p><p>Can withdraw without penalty if you quit at 55.</p><p></p><p>Cons:Only index funds (which isn't a con for me but others seem to think it is).</p></blockquote><p></p>
[QUOTE="Ms.PacMan, post: 3330425, member: 4656"] There are no RMD's on the Roth 401k or. Roth IRA because the money has already been taxed. You will have RMDs on regular IRA's and a regular 401k. Pros:The fees in the 401k are lower than Vanguard (and were lowered again earlier this year) and the index funds are excellent. A 401k is safe from lawsuits (and maybe bankruptcy) but an IRA is not. Can withdraw without penalty if you quit at 55. Cons:Only index funds (which isn't a con for me but others seem to think it is). [/QUOTE]
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Anyone out there drawing a monthly stipend from their Teamster/UPS 401K?
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