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<blockquote data-quote="Bagels" data-source="post: 1125886" data-attributes="member: 43436"><p>$350/week? A 28% weekly contribution rate (based on a 40-hour work week)? You're dreaming. If UPS were to transition toward 401Ks, the primary goal wouldn't be to invest in your future, but rather to save the company money. If the Teamsters were able to get 8%, it'd be a major victory - and undoubtedly, company contributions/matches would be hard capped, based on a 40-hour work week. 401K are relatively new, with most employee participation beginning in the 1990s. While the returns you listed are indeed sexy, there's no guarantee that that type of return will be delivered over the next 30 years.</p></blockquote><p></p>
[QUOTE="Bagels, post: 1125886, member: 43436"] $350/week? A 28% weekly contribution rate (based on a 40-hour work week)? You're dreaming. If UPS were to transition toward 401Ks, the primary goal wouldn't be to invest in your future, but rather to save the company money. If the Teamsters were able to get 8%, it'd be a major victory - and undoubtedly, company contributions/matches would be hard capped, based on a 40-hour work week. 401K are relatively new, with most employee participation beginning in the 1990s. While the returns you listed are indeed sexy, there's no guarantee that that type of return will be delivered over the next 30 years. [/QUOTE]
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