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UPS Retirement Topics
Changing 401k Contributions and purchasing company stock
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<blockquote data-quote="Mr. Marshall" data-source="post: 4756169" data-attributes="member: 51443"><p>As mentioned above...ComputerShare. </p><p></p><p>Fractional pieces for the long term is confusing to me. If you buy through your paycheck it will be fractional as they deduct a set amount each week and then every quarter they will use that money to buy you however many shares they can with it and they do divide it into fractions. I've been buying $60 a week since we went public with an extra $10k purchase when the stock got silly low in 2008 (right around $40 a share if I recall) and one other $5K purchase at some other point when it was fairly low and I currently have more than 200k worth of stock. It used to be a 10 percent discount but even the 5 percent discount adds up over time. If you are in it for the long game it can pay off. I consider this my emergency fund as it is possible I could access it if the need ever arose. I actually have a real emergency fund which I think is completely necessary if you are going to invest otherwise I think it's too easy to convince yourself you need that money regardless of tax hits etc. I max both our Roth's every year and also have been hitting our 401k's pretty heavy maxing them the last couple of years. This money can't really be pulled so these are my retirement accounts with some small hope that I will receive a pension. I also dump money extra month into the mortgage with the thought that this is another form of a retirement account as clearly nobody should be making mortgage payments in retirement.</p></blockquote><p></p>
[QUOTE="Mr. Marshall, post: 4756169, member: 51443"] As mentioned above...ComputerShare. Fractional pieces for the long term is confusing to me. If you buy through your paycheck it will be fractional as they deduct a set amount each week and then every quarter they will use that money to buy you however many shares they can with it and they do divide it into fractions. I've been buying $60 a week since we went public with an extra $10k purchase when the stock got silly low in 2008 (right around $40 a share if I recall) and one other $5K purchase at some other point when it was fairly low and I currently have more than 200k worth of stock. It used to be a 10 percent discount but even the 5 percent discount adds up over time. If you are in it for the long game it can pay off. I consider this my emergency fund as it is possible I could access it if the need ever arose. I actually have a real emergency fund which I think is completely necessary if you are going to invest otherwise I think it's too easy to convince yourself you need that money regardless of tax hits etc. I max both our Roth's every year and also have been hitting our 401k's pretty heavy maxing them the last couple of years. This money can't really be pulled so these are my retirement accounts with some small hope that I will receive a pension. I also dump money extra month into the mortgage with the thought that this is another form of a retirement account as clearly nobody should be making mortgage payments in retirement. [/QUOTE]
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