We have drivers that make 100k and can't afford to put money in the 401k.And plans on missing out on any more future growth.
We have drivers that make 100k and can't afford to put money in the 401k.And plans on missing out on any more future growth.
http://benefitslink.com/articles/guests/washbull090302.htmlNot signing up is that. NOT SIGNING UP, what don't some of us get this isn't about the pros and cons of 401k. They are taking money without permission. Why talk about how or where people want to save or invest their money?
Why talk about it? Because I'd prefer not to have money taken from me to support all of the idiots too dumb to save a few percent now.Not signing up is that. NOT SIGNING UP, what don't some of us get this isn't about the pros and cons of 401k. They are taking money without permission. Why talk about how or where people want to save or invest their money?
Because those people start saving at 55 and those of us who started young end up paying taxes to support them. The amount they pay is so small it shouldn't matter. I signed up for it right away. Can't miss the money if you've never had it.Not signing up is that. NOT SIGNING UP, what don't some of us get this isn't about the pros and cons of 401k. They are taking money without permission. Why talk about how or where people want to save or invest their money?
I've had more than my fair share of bowls of soup this winter so far. Hang in there.I've been unloading for nearly 7 years, I recently transferred from another hub just a few hours south. Just a few weeks ago I checked online direct deposits and a new feature its showing is "Pru 401(K)" (I'm guessing pru= prudential?) is coming out of my paychecks when I did not ask or sign up for anything to be coming out. I didn't sign up for anything but its coming out, almost a full 3%.
They also show I've taken vacations on the # of hours listed at the bottom which is rich because we haven't even scheduled vacations yet. I printed off a copy of my check and wrote a note and gave it to my soup but this week its still showing I took one. Havn't missed a day yet this year so I'm scratching my head, havn't even been paid for it (shucks)
Can't miss the money if you've never had it.
Mine as well. He's a smart dude with money and has kind of been my financial advisor. Told him about the 401K stuff when I was offered it and he told me to jump on it. Followed his advice and I'm happy with where I am at my age.My dad says the same thing.
I finally listened. 10% 401 for the last 3 years, and now UPS stock also. Portfolio diversity for the win
Mine as well. He's a smart dude with money and has kind of been my financial advisor. Told him about the 401K stuff when I was offered it and he told me to jump on it. Followed his advice and I'm happy with where I am at my age.
Is your UPS stock in a Roth? The 5% discount UPS offers now, is not good enough to consider that a win.My dad says the same thing.
I finally listened. 10% 401 for the last 3 years, and now UPS stock also. Portfolio diversity for the win
Not a win. But a good way to start saving,as long as you don't buy too much stock.Is your UPS stock in a Roth? The 5% discount UPS offers now, is not good enough to consider that a win.
I was just saying that the tax hit on the selling it would be greater than the 5% discount presently getting.Not a win. But a good way to start saving,as long as you don't buy too much stock.
Let me rephrase. If you put away 10 or 20 bucks a week away. You would have probably spent that money anyways. Its not a bad deal for people who can not save.I was just saying that the tax hit on the selling it would be greater than the 5% discount presently getting.
No ups stock doesn't go into your 401k. It's its own account.Is your UPS stock in a Roth? The 5% discount UPS offers now, is not good enough to consider that a win.
When I cashed out my stock, I believe I had to pay like a $15 transaction fee, or something like that, which could be considered a commission fee, taxes on the dividend and the growth more than overtake the 5% discount. That is why I said the Roth would be a better way of saving, and never had to do it, but believe you can withdraw the amount of money you put in Roth without penalty. Depends on what your objective is, I guess.No ups stock doesn't go into your 401k. It's its own account.
What makes it worth it to me is discount + dividend + no commission fees + after two years the availability of the money.
I think of ups stock less as a retirement account and more as a high interest savings account.
I payed taxes on 14k in capital gains from UPS stock last year. What was left was still money I wouldn't of had otherwise. I'm not a moreluck. Not gonna die with my money for fear of a tax hit.When I cashed out my stock, I believe I had to pay like a $15 transaction fee, or something like that, which could be considered a commission fee, taxes on the dividend and the growth more than overtake the 5% discount. That is why I said the Roth would be a better way of saving, and never had to do it, but believe you can withdraw the amount of money you put in Roth without penalty. Depends on what your objective is, I guess.
But why pay the taxes if you don't have to?I payed taxes on 14k in capital gains from UPS stock last year. What was left was still money I wouldn't of had otherwise. I'm not a moreluck. Not gonna die with my money for fear of a tax hit.
Its only a number, till you cash it in. You will never go broke,taking a profit.But why pay the taxes if you don't have to?
You always pay taxes. The government always finds a way.But why pay the taxes if you don't have to?