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Brown Cafe UPS Forum
UPS Retirement Topics
Son of a Driver, Previous Loader, Retirement Question For The Seasoned Driver
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<blockquote data-quote="Drivers_Son" data-source="post: 1555886" data-attributes="member: 57661"><p>I agree that the next generation of workers are the ones who need help saving for retirement. My client base includes many of these young workers trying to jumpstart their savings with a Roth to supplement their 401k contributions. I reached out to the Local Union Rep so we will see what they have to say about it. Otherwise I am just going to start walking up to drivers and see what they think!</p><p></p><p>The fees in the Teamsters 401k are very low, possibly the lowest I have worked with, but that is because the plan is so large and Prudential loves having all of those assets, so they can afford to make it that cheap. Cheap fees do not bother me and are fairly easy to overcome when talking to clients about rolling over their assets because of the value that an advisor brings to the table. Professional management, service and the thought of having someone local servicing a retirement account gets people over the cost of fees.</p><p></p><p>Thanks again for all your opinions and thoughts!</p></blockquote><p></p>
[QUOTE="Drivers_Son, post: 1555886, member: 57661"] I agree that the next generation of workers are the ones who need help saving for retirement. My client base includes many of these young workers trying to jumpstart their savings with a Roth to supplement their 401k contributions. I reached out to the Local Union Rep so we will see what they have to say about it. Otherwise I am just going to start walking up to drivers and see what they think! The fees in the Teamsters 401k are very low, possibly the lowest I have worked with, but that is because the plan is so large and Prudential loves having all of those assets, so they can afford to make it that cheap. Cheap fees do not bother me and are fairly easy to overcome when talking to clients about rolling over their assets because of the value that an advisor brings to the table. Professional management, service and the thought of having someone local servicing a retirement account gets people over the cost of fees. Thanks again for all your opinions and thoughts! [/QUOTE]
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Son of a Driver, Previous Loader, Retirement Question For The Seasoned Driver
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