Stocks/ computershare

[Bluefootedoobie]

Yes $160 a week

 

[IVE GOTTA PACKAGE 4U]

Yes $160 a week

401k? Or Roth IRA? Or both?

 

[Jetboat1]

I put $200 a week; is that a good idea?

In my opinion no. Volume is down costs are up. On the bright side you make more money that is why costs are up. You already have so much invested in UPS they provide your job, health care and pension. Diversify risk away by investing in non UPS stock. Plus if you put it in the 401 k the tax savings will be greater then the 5% discount on the stock.

 

[IVE GOTTA PACKAGE 4U]

In my opinion no. Volume is down costs are up. On the bright side you make more money that is why costs are up. You already have so much invested in UPS they provide your job, health care and pension. Diversify risk away by investing in non UPS stock. Plus if you put it in the 401 k the tax savings will be greater then the 5% discount on the stock.

Or since he is using after tax dollars anyways he could buy them in a Roth IRA and never have to pay taxes on any of it including the dividends.

Anyways congratulations for him saving so hard we have way too many drivers that live paycheck to paycheck