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UPS Retirement Topics
Retirement...contract talks
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<blockquote data-quote="twoweeled" data-source="post: 2216224" data-attributes="member: 27108"><p>I had no confusion. We're discussing 401K max and a possible 6% match. You decide to bring your wife's 401k yearly contributions equaling approx $40K. Of course I want to know how 6% match with a max of $18K max, can end up at approx $40K? I was trying to explain to you what a 6% match means and how it ends far short of $40K with a 401K max of $18000. The math was simple, but I just assumed your calculator was low on batteries. </p><p>How/why you would forget to mention "profit sharing" is beyond me. Maybe it just didn't ring any bells with you? But I knew you were missing something in your calculations. Yep! $20,000 of profit sharing is what you were missing! I have no problem with understanding, as long as i'm given "all the pertinent" information. I doubt you'll see "profit sharing" mentioned in <strong><u>anybody else's</u></strong> post.</p></blockquote><p></p>
[QUOTE="twoweeled, post: 2216224, member: 27108"] I had no confusion. We're discussing 401K max and a possible 6% match. You decide to bring your wife's 401k yearly contributions equaling approx $40K. Of course I want to know how 6% match with a max of $18K max, can end up at approx $40K? I was trying to explain to you what a 6% match means and how it ends far short of $40K with a 401K max of $18000. The math was simple, but I just assumed your calculator was low on batteries. How/why you would forget to mention "profit sharing" is beyond me. Maybe it just didn't ring any bells with you? But I knew you were missing something in your calculations. Yep! $20,000 of profit sharing is what you were missing! I have no problem with understanding, as long as i'm given "all the pertinent" information. I doubt you'll see "profit sharing" mentioned in [B][U]anybody else's[/U][/B] post. [/QUOTE]
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