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Brown Cafe UPS Forum
UPS Retirement Topics
I need advice on 401K
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<blockquote data-quote="olroadbeech" data-source="post: 1730882" data-attributes="member: 52145"><p>you are not an idiot. you can go on the website and look around the 401k site. it will show you past performances of funds and has a lot of good info. also you can call with some questions and they may be able to help. take a couple hours .</p><p></p><p>remember, for every dollar you put in, you save on your taxes in that year. you pay tax when you retire and start to take money out but at a lower tax rate.</p><p></p><p>I started with 10 % and raised it to the max within a couple years and im glad I did. I saved over 3500 a year just in taxes. what I have in my 401k account will give me income equal to my pension every month so we are very happy about that.</p><p></p><p>do some more homework. it will pay you big money in the longrun.</p></blockquote><p></p>
[QUOTE="olroadbeech, post: 1730882, member: 52145"] you are not an idiot. you can go on the website and look around the 401k site. it will show you past performances of funds and has a lot of good info. also you can call with some questions and they may be able to help. take a couple hours . remember, for every dollar you put in, you save on your taxes in that year. you pay tax when you retire and start to take money out but at a lower tax rate. I started with 10 % and raised it to the max within a couple years and im glad I did. I saved over 3500 a year just in taxes. what I have in my 401k account will give me income equal to my pension every month so we are very happy about that. do some more homework. it will pay you big money in the longrun. [/QUOTE]
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I need advice on 401K
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