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UPS Retirement Topics
Simple Hacks For Retirees. Financial Or Otherwise. "On Topic"
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<blockquote data-quote="olroadbeech" data-source="post: 4976340" data-attributes="member: 52145"><p>Yes, I agree with your assessment about annuities. I think you can do better just financing your self with index funds from Vanguard. We started years ago with Vanguard index funds probably 15 years AFTER the 401k with UPS and our growth has been MUCH better than the 401k.</p><p>The index funds ( 5-6 different index sectors ) account may surpass the 401k in a couple years.</p><p></p><p>You brought up a very good point on diversification. We don't have rentals as it is much hands on and dealing with people. Several drivers at out hub have done that with very good success. I invest in REIT index funds about 10%. .Plus our home so that is a big chunk . Same with precious metals index funds. About 10%.</p><p></p><p>Even though we are in our 60's we only have a small percentage in bonds, contrary to popular opinion where it says we should be more heavily invested in bonds. With our home paid off and a good cash cushion we are willing to stake more funds in equities and so far it has worked out well.</p><p></p><p>Sure the market could tank and take 10 years to recover but we are willing to risk it. Maybe in our 70's we will become more conservative. When equities tank other sectors go up and that is why diversification is so important.</p></blockquote><p></p>
[QUOTE="olroadbeech, post: 4976340, member: 52145"] Yes, I agree with your assessment about annuities. I think you can do better just financing your self with index funds from Vanguard. We started years ago with Vanguard index funds probably 15 years AFTER the 401k with UPS and our growth has been MUCH better than the 401k. The index funds ( 5-6 different index sectors ) account may surpass the 401k in a couple years. You brought up a very good point on diversification. We don't have rentals as it is much hands on and dealing with people. Several drivers at out hub have done that with very good success. I invest in REIT index funds about 10%. .Plus our home so that is a big chunk . Same with precious metals index funds. About 10%. Even though we are in our 60's we only have a small percentage in bonds, contrary to popular opinion where it says we should be more heavily invested in bonds. With our home paid off and a good cash cushion we are willing to stake more funds in equities and so far it has worked out well. Sure the market could tank and take 10 years to recover but we are willing to risk it. Maybe in our 70's we will become more conservative. When equities tank other sectors go up and that is why diversification is so important. [/QUOTE]
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