Thank you cares act!!!! 401k is mine

[Faceplanted]

I cashed out my whole pos teamsters/ups/prudential 401k scam. No 10% penalty. Good riddance.

that was my blog for the day, thanks for reading.

 

[Ackerlin]

Last 2 checks they've been putting a % of my income towards prud 401k, I don't know much about it, and I never signed up for that.. can you fill me in

 

[Faceplanted]

Last 2 checks they've been putting a % of my income towards prud 401k, I don't know much about it, and I never signed up for that.. can you fill me in

Open up your own /Roth ira outside of the ups prudential scam. Ups does not allow you to touch money that is yours even after paying taxes on it until you quit or retire. Ups does not match either so there is 0 point in using the teamsters prudential option.

your much better off setting up your own, Roth IRA with an established firm, or you can also look into products like vanguard.... or just opening up a Ameritrade/Robinhood, setting up automatic weekly or monthly transfers and throwing it into the s&p or actual companies if your feeling a little more risky.

Either way, it feels good to have MY MONEY back in my hands.

 

[IVE GOTTA PACKAGE 4U]

Open up your own /Roth ira outside of the ups prudential scam. Ups does not allow you to touch money that is yours even after paying taxes on it until you quit or retire. Ups does not match either so there is 0 point in using the teamsters prudential option.

your much better off setting up your own, Roth IRA with an established firm, or you can also look into products like vanguard.... or just opening up a Ameritrade/Robinhood, setting up automatic weekly or monthly transfers and throwing it into the s&p or actual companies if your feeling a little more risky.

Either way, it feels good to have MY MONEY back in my hands.

The 401K plan is a good way to save money because it comes automatically out of your paycheck and it also has some very low fees
With that being said I also have a Roth IRA with vanguard and I'm very pleased with it

 

[Johney]

There's a guy I work with who has his in a self manage account and has been buying and selling stocks and doing quite well it seems. He bought some stock in a Chinese electric car company much like Tesla and has made over $200,000 in the last few months.

 

[Johney]

I also have a Roth IRA with vanguard and I'm very pleased with it

WDFD

 

[Faceplanted]

The 401K plan is a good way to save money because it comes automatically out of your paycheck and it also has some very low fees
With that being said I also have a Roth IRA with vanguard and I'm very pleased with it

It’s for idiots. Just like how idiots shouldn’t use credit cards. Meanwhile people who know what they are doing are earning thousands in rewards and countless perks every year.

if you have any sort of self control, with 0 company match there are MUCH BETTER options the the ups/teamsters/prudential 401k

 

[Wontmake9.5]

The 401K plan is a good way to save money because it comes automatically out of your paycheck and it also has some very low fees
With that being said I also have a Roth IRA with vanguard and I'm very pleased with it

That’s who we are about to go with is vanguard. We use Robinhood for individual stocks etc also

 

[IVE GOTTA PACKAGE 4U]

WDFD

I need you to be interested

 

[IVE GOTTA PACKAGE 4U]

It’s for idiots. Just like how idiots shouldn’t use credit cards. Meanwhile people who know what they are doing are earning thousands in rewards and countless perks every year.

if you have any sort of self control, with 0 company match there are MUCH BETTER options the the ups/teamsters/prudential 401k

It's out of mind and out of sight. Not many people were disciplined

Are You Ready for a $500 Financial Emergency?

Can you handle a simple emergency of just $500? If not, this guide can show you what you can do to prepare for future emergencies and to stop stress.

www.thebalance.com

 

[IVE GOTTA PACKAGE 4U]

That’s who we are about to go with is vanguard. We use Robinhood for individual stocks etc also

Vanguard doesn't charge you any fees for trading stocks or ETFs

 

[Faceplanted]

There's a guy I work with who has his in a self manage account and has been buying and selling stocks and doing quite well it seems. He bought some stock in a Chinese electric car company much like Tesla and has made over $200,000 in the last few months.

Would you happen to know the ticker? It has to be a USA traded company. Unless he started with a large amount of capital and went all in, or is trading options I find it hard to believe. It can happen though (especially in crypto cough cough LINK)

 

[Overpaid Union Thug]

I cashed out my whole pos teamsters/ups/prudential 401k scam. No 10% penalty. Good riddance.

that was my blog for the day, thanks for reading.

WTF? How?

It’s for idiots. Just like how idiots shouldn’t use credit cards. Meanwhile people who know what they are doing are earning thousands in rewards and countless perks every year.

if you have any sort of self control, with 0 company match there are MUCH BETTER options the the ups/teamsters/prudential 401k

I make an average of $75/month in credit card points and an additional 25% on the balance if used for travel. Love getting paid to swipe credit cards.

 

[Faceplanted]

WTF? How?


I make an average of $75/month in credit card points and an additional 25% on the balance if used for travel. Love getting paid to swipe credit cards.

If you or your wife were affected by covid19. Either by actually being sick, being laid off, work slowed down ect. They don’t ask for proof, but I was being honest.

all you have to do is call the 1800 number, answer yes to the 2 questions and you can withdraw everything. No 10% penalty. Just remember to have them withhold 24% or so for taxes. They will ask you if you want any withheld.

 

[Johney]

Would you happen to know the ticker? It has to be a USA traded company. Unless he started with a large amount of capital and went all in, or is trading options I find it hard to believe. It can happen though (especially in crypto cough cough LINK)

Nio

 

[Cloud]

How did you cash out without the 10% penalty? Or did you roll it over to a IRA account?

 

[IVE GOTTA PACKAGE 4U]

WTF? How?


I make an average of $75/month in credit card points and an additional 25% on the balance if used for travel. Love getting paid to swipe credit cards.

I love that free money. Those reward points gives us a few extra bucks to take a little weekend getaway every now and then

 

[Faceplanted]

Nio

Well look at that. Good call on his end for sure

How did you cash out without the 10% penalty? Or did you roll it over to a IRA account?

The cares act gets rid of the 10% penalty on all withdraws until the end of the year. You don’t have to roll over anything. They can direct deposit or send a check NDA.

 

[Wally]

I cashed out my whole pos teamsters/ups/prudential 401k scam. No 10% penalty. Good riddance.

that was my blog for the day, thanks for reading.

Smart move.

 

[IVE GOTTA PACKAGE 4U]

Well look at that. Good call on his end for sure

The cares act gets rid of the 10% penalty on all withdraws until the end of the year. You don’t have to roll over anything. They can direct deposit or send a check NDA.

I believe you can spread the tax liability out over 3 years