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Brown Cafe UPS Forum
UPS Retirement Topics
Just getting' started on my retirement.
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<blockquote data-quote="retiredTxfeeder" data-source="post: 1665161" data-attributes="member: 52978"><p>The 401k wasn't available when I started working for ups. It came along later in my career. I initially started with 4%..then 8%..then 15% as I got more financially stable. They even offer the ability to put more % than that now. I believe up to a max of $18,000.00/year. I would say pay off your CC's first and foremost. As you earn more, the Govt will pay off your student loans automatically (by garnishing your tax refunds) Put in as much money as you can afford into the 401k as fast as you possibly can. Do your homework as to how to divvy up your investments. For example, the S&P 500 has been doing well as of late, not so good a couple of years ago when the market was down. You can change your investments quarterly, I believe. (things change from time to time, so I could be wrong on the specifics) There is no guarantee that there will be a pension available or even Social Security when you get older. The 401k is an excellent choice. Give till it hurts! ouch! Good luck to you, young man.</p></blockquote><p></p>
[QUOTE="retiredTxfeeder, post: 1665161, member: 52978"] The 401k wasn't available when I started working for ups. It came along later in my career. I initially started with 4%..then 8%..then 15% as I got more financially stable. They even offer the ability to put more % than that now. I believe up to a max of $18,000.00/year. I would say pay off your CC's first and foremost. As you earn more, the Govt will pay off your student loans automatically (by garnishing your tax refunds) Put in as much money as you can afford into the 401k as fast as you possibly can. Do your homework as to how to divvy up your investments. For example, the S&P 500 has been doing well as of late, not so good a couple of years ago when the market was down. You can change your investments quarterly, I believe. (things change from time to time, so I could be wrong on the specifics) There is no guarantee that there will be a pension available or even Social Security when you get older. The 401k is an excellent choice. Give till it hurts! ouch! Good luck to you, young man. [/QUOTE]
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