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Silent Implosion...
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<blockquote data-quote="barnyard" data-source="post: 364354" data-attributes="member: 13921"><p>We (hourly folk) can purchase stock via payroll deductions. Then, once a month, the accumulated dough is used to purchase shares at a discount. In order to realize a return on the discount, you have to hold the shares for 2 years (I think, it might be 5).</p><p></p><p>To me, the UPS stock purchase is the equivalent to a 401k match. In my example, UPS stock is about 10% of my total weekly savings plan. Another chunk goes into the Teamster 401k and another chunk goes into a Roth that I started with rollovers from past employers. My 'plan' works for me, if there is a Teamsters pension when I retire, bonus. If not, my <img src="/community/styles/default/xenforo/smilies/group1/censored2.gif" class="smilie" loading="lazy" alt=":censored2:" title="Censored2 :censored2:" data-shortname=":censored2:" /> is covered.</p><p></p><p>Most financial folk will tell you to never put all your savings into the company that you work for.</p><p></p><p>TB</p></blockquote><p></p>
[QUOTE="barnyard, post: 364354, member: 13921"] We (hourly folk) can purchase stock via payroll deductions. Then, once a month, the accumulated dough is used to purchase shares at a discount. In order to realize a return on the discount, you have to hold the shares for 2 years (I think, it might be 5). To me, the UPS stock purchase is the equivalent to a 401k match. In my example, UPS stock is about 10% of my total weekly savings plan. Another chunk goes into the Teamster 401k and another chunk goes into a Roth that I started with rollovers from past employers. My 'plan' works for me, if there is a Teamsters pension when I retire, bonus. If not, my :censored: is covered. Most financial folk will tell you to never put all your savings into the company that you work for. TB [/QUOTE]
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