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Brown Cafe UPS Forum
UPS Retirement Topics
Rule of 55
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 5137116" data-attributes="member: 12570"><p>Actually the joke is on you------401k are an excellent retirement investment choice. You can choose to either have the money come out pre-tax (Traditional IRA) or post-tax (Roth IRA). The two big pluses w/401k's are time and compounding. It sounds like you are young(ish)-----you should not plan on either the pension or Social Security being there when it is time for you to retire.</p><p></p><p>They should not be thought of or treated as piggy banks.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 5137116, member: 12570"] Actually the joke is on you------401k are an excellent retirement investment choice. You can choose to either have the money come out pre-tax (Traditional IRA) or post-tax (Roth IRA). The two big pluses w/401k's are time and compounding. It sounds like you are young(ish)-----you should not plan on either the pension or Social Security being there when it is time for you to retire. They should not be thought of or treated as piggy banks. [/QUOTE]
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