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Brown Cafe UPS Forum
UPS Retirement Topics
Maxing out 401k contributions
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<blockquote data-quote="olroadbeech" data-source="post: 2179954" data-attributes="member: 52145"><p>do a search here on investing in the 401k. invest as much as you can in the roth. start at say 10% for about 6 months and see how that goes. then raise the percentage as you go along. you'd be surprised on how much you won't miss the money if you are prudent in your finances.</p><p></p><p>also it is fun to see it grow. some years my 401k increased more than what i made. if you max out early and go 25-30 years you may have over a million dollars . the 401k website has calculators that will show you how much you may have at retirement. </p><p></p><p>a little bit of homework now as you are doing will pay great dividends years from now.</p></blockquote><p></p>
[QUOTE="olroadbeech, post: 2179954, member: 52145"] do a search here on investing in the 401k. invest as much as you can in the roth. start at say 10% for about 6 months and see how that goes. then raise the percentage as you go along. you'd be surprised on how much you won't miss the money if you are prudent in your finances. also it is fun to see it grow. some years my 401k increased more than what i made. if you max out early and go 25-30 years you may have over a million dollars . the 401k website has calculators that will show you how much you may have at retirement. a little bit of homework now as you are doing will pay great dividends years from now. [/QUOTE]
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