N
Nothing by 1030 anymore
Guest
That's why pensions were cut??? Wow
Teamsters pension cut
- Thread starter MendozaJ
- Start date
crow27
Active Member
Yeah man didn't you hear, white vans can do everything UPS can do so say bye to your pension.
N
Nothing by 1030 anymore
Guest
But my pensions protected by ups..later yungun
rod
Retired 22 years
El Correcto
god is dead
So if I leave my 401k contribution at 30% a check and max it out with around 18,000 a year. I won't have to worry about pension right? If I stick around till retirement?
Matty_lawn
Poopin' on the clock
30 percent ? Damn, good for you man.
I actually max at 35 percent but im part time making my living with my business. After the 35 percent and taxes I don't see much of a paycheck from here
Mugarolla
Light 'em up!
Look at it as free medical and retirement money.
Brownslave688
You want a toe? I can get you a toe.
Right. You should end up with a few million.
If the market crashes to the point that you have nothing. You will be worried about survival. Not retirement.
El Correcto
god is dead
I thought as you age they start to invest your money into things like gold and bonds to fight that sort of thing. I don't know much about 401k, I just know as long as I keep it at 30% I should easily hit 18,000 a year and avoid taxes on that money while having it invested.
N
Nothing by 1030 anymore
Guest
When u get to retirement age you simply go to the website of ur 401 or call them to switch to a fund in the 401 with a retirement year you choose. I retired in 2016 so I switched all the money into a fund with 2015 retirement date. Won't make as much but much more conservative so you won't loose much in bad stock market times . You can do that now with a plan targeted with a retirement date of ur choosing and they will adjust investments accordingly
Brownslave688
You want a toe? I can get you a toe.
You're the one that allocates where your money goes. Unless you have all of your money in a target fund account.
You probably want to hire a financial advisor.
I will move out of the 401k when I retire.
UPS1907
Well-Known Member
UPS1907
Well-Known Member
Brownslave688
You want a toe? I can get you a toe.
Why? The fees are dirt cheap.
Yes they are but very limited choices. My Roth IRA does better than my 401k
McDonald's is cheaper than Outback.
Brownslave688
You want a toe? I can get you a toe.
As soon as I typed it I was like well choices.
I know we complain some but we really have a decent amount of choices. My wife has 5 different funds she can allocate money to. That's it.
I have several international funds, including emerging markets. Precious metals (which has been killing me) and a few dividend growth funds.
Faceplanted
Well-Known Member
Or take 20-30 minutes to understand the basics of investing. I can't believe people don't take time to learn some basics.
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