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Brown Cafe UPS Forum
UPS Retirement Topics
Is the 401K worth it?
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<blockquote data-quote="Gabba" data-source="post: 4753059" data-attributes="member: 58591"><p>yes the 401k is worth it. anyone who tells you otherwise is a fool. as 401k plans go ours is fantastically good. we don't get a match and many people get hung up on that but there is more to a 401k than a match. our contribution options are great. we can make full roth contributions and 5% aftertax401k contributions. the admin fees are tiny and flat. and our fund selection is great with no dumb or actively managed funds. all the expense ratios are very small and the index fund fee rates are smaller than what even vanguard offers. even without all that if your into FIRE 401k is still advantageous. the tax free growth aspect to 401k plans justify using them all by itself. and if we couldn't make roth contributions you'd still be able to convert it to roth after leaving UPS. </p><p></p><p>as it is over the past 6 years with ups, i've contributed $104,821 to mine, it's up 43% as of today, 57% of my balance is roth, and 68k can be withdrawn anytime without penalty.</p></blockquote><p></p>
[QUOTE="Gabba, post: 4753059, member: 58591"] yes the 401k is worth it. anyone who tells you otherwise is a fool. as 401k plans go ours is fantastically good. we don't get a match and many people get hung up on that but there is more to a 401k than a match. our contribution options are great. we can make full roth contributions and 5% aftertax401k contributions. the admin fees are tiny and flat. and our fund selection is great with no dumb or actively managed funds. all the expense ratios are very small and the index fund fee rates are smaller than what even vanguard offers. even without all that if your into FIRE 401k is still advantageous. the tax free growth aspect to 401k plans justify using them all by itself. and if we couldn't make roth contributions you'd still be able to convert it to roth after leaving UPS. as it is over the past 6 years with ups, i've contributed $104,821 to mine, it's up 43% as of today, 57% of my balance is roth, and 68k can be withdrawn anytime without penalty. [/QUOTE]
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Is the 401K worth it?
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