Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
The 25 Worst 401(k) Plans
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="MrFedEx" data-source="post: 675563" data-attributes="member: 12508"><p>Good points, but it's still easier to save when you make a decent wage. And Satellite Driver is also right when he makes the point that discipline matters, and that people who make 80k can be just as dumb with their money as those who make 50k. The Vanguard Fund has done a very good job of managing my investments over the years, and I've always saved the maximum amount, even when it was tough to do so. </p><p> </p><p>FedEx has never done much in terms of matching, but it's better than nothing. There has been no match during the current fiscal crisis but it's scheduled to return in March, 2010. What UPS people generally don't understand is that we at FedEx essentially have a self-funded retirement plan now that our pension is gone. That means the 401k is pretty much it, unlike Brown, where you get a real retirement plan<em> and </em>a 401k to boot.</p><p> </p><p>The fact remains that a well-paid employee with a real retirement plan (UPS) has more money to invest if he/she so chooses compared to a marginally-paid employee with a pretend pension (FedEx).</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 675563, member: 12508"] Good points, but it's still easier to save when you make a decent wage. And Satellite Driver is also right when he makes the point that discipline matters, and that people who make 80k can be just as dumb with their money as those who make 50k. The Vanguard Fund has done a very good job of managing my investments over the years, and I've always saved the maximum amount, even when it was tough to do so. FedEx has never done much in terms of matching, but it's better than nothing. There has been no match during the current fiscal crisis but it's scheduled to return in March, 2010. What UPS people generally don't understand is that we at FedEx essentially have a self-funded retirement plan now that our pension is gone. That means the 401k is pretty much it, unlike Brown, where you get a real retirement plan[I] and [/I]a 401k to boot. The fact remains that a well-paid employee with a real retirement plan (UPS) has more money to invest if he/she so chooses compared to a marginally-paid employee with a pretend pension (FedEx). [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
The 25 Worst 401(k) Plans
Top