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UPS Union Issues
New Video! UPS Teamsters 401k Most Common Questions
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<blockquote data-quote="Gabba" data-source="post: 5195120" data-attributes="member: 58591"><p>You know, you'd retire with much more money and it'd get easier and easier every year if instead of increasing your contribution every year, you decreased it every year.</p><p></p><p>you see in order to decrease it every year you'd have to start high because you can't decrease your contribution from zero. so if you worked 35 years you have to start out contributing at least 34%. so the 34% contribution would have 35 years of appreciation and the 33% contribution 34 years of appreciation and so on instead of the 1% contribution getting 35 years of appreciation and the 35% contribution getting zero years of appreciation. </p><p></p><p>of course this isn't an argument to actually decrease your contributions, it's an argument to max it every year you can.</p></blockquote><p></p>
[QUOTE="Gabba, post: 5195120, member: 58591"] You know, you'd retire with much more money and it'd get easier and easier every year if instead of increasing your contribution every year, you decreased it every year. you see in order to decrease it every year you'd have to start high because you can't decrease your contribution from zero. so if you worked 35 years you have to start out contributing at least 34%. so the 34% contribution would have 35 years of appreciation and the 33% contribution 34 years of appreciation and so on instead of the 1% contribution getting 35 years of appreciation and the 35% contribution getting zero years of appreciation. of course this isn't an argument to actually decrease your contributions, it's an argument to max it every year you can. [/QUOTE]
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