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UPS Discussions
I'm going to retire soon
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<blockquote data-quote="purplesky" data-source="post: 1177464" data-attributes="member: 23628"><p>How are you saving $1 million by age 40 working at UPS? Isnt the max on the 401k currently $17,500 per year? A Roth is like $5,500? You wont be able to touch the 401k without a huge tax penalty until age 59half. </p><p></p><p>I like your spirit kid and you could easily become a millionaire but that will be in your late 50s and not at age 40.<img src="/community/styles/default/xenforo/smilies/FeltTip/wink.png" class="smilie" loading="lazy" alt=":wink2:" title="Wink :wink2:" data-shortname=":wink2:" /> </p><p></p><p>If you have kids and get married your chances of building wealth go down big time if the wife doesnt work. If she works and makes a good income you will be set.</p><p></p><p></p></blockquote><p></p>
[QUOTE="purplesky, post: 1177464, member: 23628"] How are you saving $1 million by age 40 working at UPS? Isnt the max on the 401k currently $17,500 per year? A Roth is like $5,500? You wont be able to touch the 401k without a huge tax penalty until age 59half. I like your spirit kid and you could easily become a millionaire but that will be in your late 50s and not at age 40.:wink2: If you have kids and get married your chances of building wealth go down big time if the wife doesnt work. If she works and makes a good income you will be set. [/QUOTE]
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