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Brown Cafe UPS Forum
UPS Retirement Topics
Prudential Retirement
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<blockquote data-quote="UPSGUY12" data-source="post: 2157775" data-attributes="member: 62510"><p>I've been putting 10% of my pre-tax pay into it since 1996 & I'm glad I did now that I'm close to retirement. You can get a loan from it before age 59-1/2 for education, medical, or foreclosure only. However, remember, this should be a last resort option as you will pay 10% penalty to the government & interest on the loan which you will pay back w/after tax dollars. So, yes, invest in it-but only as much as you feel comfortable not being able to use til you're 59 1/2. Hope this helps</p></blockquote><p></p>
[QUOTE="UPSGUY12, post: 2157775, member: 62510"] I've been putting 10% of my pre-tax pay into it since 1996 & I'm glad I did now that I'm close to retirement. You can get a loan from it before age 59-1/2 for education, medical, or foreclosure only. However, remember, this should be a last resort option as you will pay 10% penalty to the government & interest on the loan which you will pay back w/after tax dollars. So, yes, invest in it-but only as much as you feel comfortable not being able to use til you're 59 1/2. Hope this helps [/QUOTE]
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