Ups 401k

[Upass.]

so how does this teamster 401k work ? Is that money invested by the plan manager ? Or you can pick your investments ? Any informations .thank you.

 

[IVE GOTTA PACKAGE 4U]

so how does this teamster 401k work ? Is that money invested by the plan manager ? Or you can pick your investments ? Any informations .thank you.

You can pick whatever investments you want
you can also pay a management fee if you want an advisor to do it for you through the plan

 

[Upass.]

You can pick whatever investments you want
you can also pay a management fee if you want an advisor to do it for you through the plan

You mean if i don't take any action , my money is basically just sitting there , i thought that the management fees is taken automatically.

 

[Jkloc420]

You mean if i don't take any action , my money is basically just sitting there , i thought that the management fees is taken automatically.

yes

 

[IVE GOTTA PACKAGE 4U]

You mean if i don't take any action , my money is basically just sitting there , i thought that the management fees is taken automatically.

All funds have a fee maybe you got that mixed up. You can have it professionally managed if you want to but you don't have any obligation to do so.

Do you know what funds are invested in?

 

[Upass.]

All funds have a fee maybe you got that mixed up. You can have it professionally managed if you want to but you don't have any obligation to do so.

Do you know what funds are invested in?

It says here BRIGHT HORIZON 2050 FUND

 

[IVE GOTTA PACKAGE 4U]

It says here BRIGHT HORIZON 2050 FUND

That's a good fun for you to start adding until you learn what you want to do. It's a mixture of the different funds to give you a mixture of stocks and bonds.
The closer you get to 2050 the more conservative fund gets

 

[Returntosender]

Beware @Jkloc420 will tell you buy Boeing or Bison meat stock.

 

[Jkloc420]

Beware @Jkloc420 will tell you buy Boeing or Bison meat stock.

yessssz

 

[The Driver]

You would do well enough to just put as much as possible in the Bright Horizon 2050 fund and forget it completely. Or if you’re curious about investing you can switch it up later.

 

[IVE GOTTA PACKAGE 4U]

You would do well enough to just put as much as possible in the Bright Horizon 2050 fund and forget it completely. Or if you’re curious about investing you can switch it up later.

That's definitely a good place to start if you don't know anything about investing

 

[Poop Head]

so how does this teamster 401k work ? Is that money invested by the plan manager ? Or you can pick your investments ? Any informations .thank you.

You sure got alotta questions, kid. Maybe you need a little visit from the Teamster Investment Specialists, Rocco and Moose..

 

[churn n’ burn]

Yeah, you're good. "Set it and forget it" with the BH 2050 Fund. It's a quality fund with a low ER (expense ratio), fees are minimal. That's what I'm doing, you don't have to touch it. A financier would say contribute as much as possible if you can afford it, 10-12% preferably.

 

[Poop Head]

401k?? Not much left over after the multiple child support payments, boat payments, car payments, rent, groceries, etc...

 

[Just A UPS Guy]

The fund is good, simple, and as safe as investing gets. If you're young and plan on retiring young, you need to curb your contributions and put some money into something you can get to before you're 59.5.

Example being, I can retire at 55, my pension will be somewhere around 45k/yr. That may not be enough so putting into a 457, IRAs, etc. will provide another avenue to gain wealth but leave me a penalty-free avenue to another stack of cash.