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Brown Cafe UPS Forum
UPS Discussions
Investments, 401K, Etc (on topic)
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<blockquote data-quote="Brownslave688" data-source="post: 3749335" data-attributes="member: 34439"><p>I really wish the locals would offer some time of new driver financial planning classes. </p><p></p><p>I mean it's super simple for any new driver to retire a millionaire. Put 10% away the day you make full time. Add 2% each time you get a raise. Boom when you hit full scale you're maxing it out and you'll never miss it. Put everything in broad market funds and sit back until you get 10 years from retirement. </p><p></p><p>The problem I could see the union having is someone using it as a way to funnel money to a buddy and it gives members finanicial freedom separate from the pensions.</p></blockquote><p></p>
[QUOTE="Brownslave688, post: 3749335, member: 34439"] I really wish the locals would offer some time of new driver financial planning classes. I mean it's super simple for any new driver to retire a millionaire. Put 10% away the day you make full time. Add 2% each time you get a raise. Boom when you hit full scale you're maxing it out and you'll never miss it. Put everything in broad market funds and sit back until you get 10 years from retirement. The problem I could see the union having is someone using it as a way to funnel money to a buddy and it gives members finanicial freedom separate from the pensions. [/QUOTE]
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