HardknocksUPSer
Well-Known Member
Hey guys, I'm still young and really don't know much about 401k, I've gotten a lot of papers from UPS through the mail talking about starting a 401k, I've kind of blew it off, I already save money each week via my savings account, I was wondering if it would be a better idea to start a 401k? Does this draw interest over time? How long does it draw interest for? Will I be able to withdraw any of this money anytime I want in case of emergency? Am I better off to continue to contribute 25$ each week to my savings account as I'm part timer, and then contribute more as I go full time? I plan to stick with the company as long as possible, I'm 20 now and want to save money as it doesn't look like I can count on a pension by the time I retire in 2055 or something like that lol, thanks.