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Brown Cafe UPS Forum
UPS Retirement Topics
Contributing to your 401k and taxes
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<blockquote data-quote="Catatonic" data-source="post: 2551872" data-attributes="member: 7966"><p>I contributed the max to 401k for the last 20 years of my employment at UPS ... that included the "catch-up" once I turned 50.</p><p>I'm enjoying it now in retirement.</p><p>It also helped us keep our expenses down during my employment.</p><p>The last 10 years, I sold UPS stock to make up the difference in take home pay.</p><p>It was 25% tax on income versus 18% on stock plus UPS stock wasn't doing much the last ten years.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 2551872, member: 7966"] I contributed the max to 401k for the last 20 years of my employment at UPS ... that included the "catch-up" once I turned 50. I'm enjoying it now in retirement. It also helped us keep our expenses down during my employment. The last 10 years, I sold UPS stock to make up the difference in take home pay. It was 25% tax on income versus 18% on stock plus UPS stock wasn't doing much the last ten years. [/QUOTE]
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Contributing to your 401k and taxes
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