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% to contribute to 401k
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<blockquote data-quote="barnyard" data-source="post: 308509" data-attributes="member: 13921"><p>The Teamster 401k plans are really nothing special. I contribute to their pretax plan, buy a little bit of stock (I think $25 per paycheck) and have 8% after taxes put in an Edward Jones account. I also have $150 per paycheck go into a separate savings account.</p><p></p><p>I think you can have up to 9 different accounts receive paycheck deductions. The sucky part is that you can only control the amount going into 1 account from UPSers.com. </p><p></p><p>The stock is a pretty good deal. If you buy through payroll deductions, you get a 10% discount. You have to hold the stock for 5 years (I think) to get your 10% and you can do a DRIP, so you do not have to goof with dividends. I consider the 10% stock discount to be my employer match. The beauty part is that there is no cap.</p><p></p><p>So, if you are looking for an employer match, buy stock. Sage advice would be to diversify, though.</p><p></p><p>Tom B</p></blockquote><p></p>
[QUOTE="barnyard, post: 308509, member: 13921"] The Teamster 401k plans are really nothing special. I contribute to their pretax plan, buy a little bit of stock (I think $25 per paycheck) and have 8% after taxes put in an Edward Jones account. I also have $150 per paycheck go into a separate savings account. I think you can have up to 9 different accounts receive paycheck deductions. The sucky part is that you can only control the amount going into 1 account from UPSers.com. The stock is a pretty good deal. If you buy through payroll deductions, you get a 10% discount. You have to hold the stock for 5 years (I think) to get your 10% and you can do a DRIP, so you do not have to goof with dividends. I consider the 10% stock discount to be my employer match. The beauty part is that there is no cap. So, if you are looking for an employer match, buy stock. Sage advice would be to diversify, though. Tom B [/QUOTE]
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