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UPS 401K
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<blockquote data-quote="Cloud" data-source="post: 4695346" data-attributes="member: 79333"><p>The 401K lets you reduce your taxable income by deferring taxes to when you retire/withdraw from it. From a tax benefit perspective, you get the most benefit out of it when you make over 52K for singles and 104K for married (and assuming you are the only income-earner).</p><p></p><p>Since there's no employer match and if it's just you, there's almost no benefit under 52K. You are already in a low 10-12% tax bracket and could probably use more money now than later.</p></blockquote><p></p>
[QUOTE="Cloud, post: 4695346, member: 79333"] The 401K lets you reduce your taxable income by deferring taxes to when you retire/withdraw from it. From a tax benefit perspective, you get the most benefit out of it when you make over 52K for singles and 104K for married (and assuming you are the only income-earner). Since there's no employer match and if it's just you, there's almost no benefit under 52K. You are already in a low 10-12% tax bracket and could probably use more money now than later. [/QUOTE]
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