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Brown Cafe UPS Forum
UPS Retirement Topics
UPS Stock vs 401k
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<blockquote data-quote="Babagounj" data-source="post: 1390075" data-attributes="member: 12952"><p>I never have talked to anyone about my 401k , professionally .</p><p>That said I still owe some UPS stock ( last purchase was in 2003 ) which I use for a rainy day .</p><p>I believe the national average for a 401k is about 70,000 - 80,000 .</p><p>I on the other hand have close to what an airline pilot's average would be .</p><p>Every raise given meant that I raised my contribution up by at least 1% .</p><p>Since I plan on retiring soon I up my rate every quarter .</p><p>Putting money into a 401k give you a tax deduction , which is a good thing .</p><p>Buying stock even with a discount is not .</p><p>Because when you sell it Capital Gains Taxes must be paid ( up to 39% ) .</p></blockquote><p></p>
[QUOTE="Babagounj, post: 1390075, member: 12952"] I never have talked to anyone about my 401k , professionally . That said I still owe some UPS stock ( last purchase was in 2003 ) which I use for a rainy day . I believe the national average for a 401k is about 70,000 - 80,000 . I on the other hand have close to what an airline pilot's average would be . Every raise given meant that I raised my contribution up by at least 1% . Since I plan on retiring soon I up my rate every quarter . Putting money into a 401k give you a tax deduction , which is a good thing . Buying stock even with a discount is not . Because when you sell it Capital Gains Taxes must be paid ( up to 39% ) . [/QUOTE]
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