Bagels
Family Leave Fridays!!!
I realize this thread was posted in February but since it has resurfaced....
A 401K plan makes sense to a driver in mid-career. A 401K makes less sense a 20-something who will not recognize any tax savings from the deferred income (because his income is too low) & could use the cash now to payoff other high interest debt. Ultimately, this could lead to larger future savings.
UPS is among the most generous of any company in terms of retirement contributions. Unfortunately, the cash goes toward the pension.
A 401K plan makes sense to a driver in mid-career. A 401K makes less sense a 20-something who will not recognize any tax savings from the deferred income (because his income is too low) & could use the cash now to payoff other high interest debt. Ultimately, this could lead to larger future savings.
Because the government allows companies to match, this should be part of the purpose of a 401k. I think it's terrible that UPS can't even throw a dirty dime at us for each dollar. They do sell their stock for a 5% discount, however, which is why I invest in both plans for diversity reasons.
UPS is among the most generous of any company in terms of retirement contributions. Unfortunately, the cash goes toward the pension.