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UPS Retirement Topics
UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 2012
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<blockquote data-quote="Benben" data-source="post: 1104902" data-attributes="member: 25133"><p><strong>Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20</strong></p><p></p><p>I am in the Central States plan and I am pretty sure its 3K a month at 30 years with $100 added for each year after 30. I really don't see myself working past 30 years even if I bump into feeders. There is just too much I want to do and too much of the world I want to go and see.</p><p></p><p>We (wife and I) will easily have everything paid off in the next 15 years. We'll help the kids a bit with college but its mostly on them (both her and I put ourselves through school and both know it will mean more to them if they do the lion's share themselves.) We live within our means. Which is why rat-holing(spelling?) away funds is so vital in my mind. When monies go into savings vehicles (401K, Roth 401K, DESPP, broker account, and now after tax 401K: hell I even set up an extra $5 per check with-held for fed tax just so I get a bigger check back the next year) before they hit our checking account it doesn't get spent. We see whats in the checking account, know the bills about to be due, and seem to spend all the rest. I told her we should never let the checking account go below 2K and it always seems to be right at 2K on Thursdays, go figure. </p><p></p><p>I am a 100% a divi investor also, with that being said, at some point I will have a small portion of the broker account that I "play" with for speculation gambles....thinking pink sheets only. Currenty I have high risk, high divi holdings, 10%+ yioelds. I imagine over time I'll lower that to a target of 5-7% yields. </p><p></p><p>It amazes me about how the majority of the population do not plan for later in life. We had all my inlaws over today for my oldest's conformation party. All my wife's sisters (5 total) and their families were running amok in and around my house (Catholic family so the number of kids was insane from, 16 years of age down to 9 month old babies). The conversation went to retirement and not one of them were involved in their company's 401K and not one had a pension/defined retirement plan except 1 (Cessna employee). What blew me away was the husband of the sister who worked (get this) in the financial wing at Cessna Aircraft works for a website design company that <strong>matched up to 10% in their 401K</strong>. I was totally stunned. I told him he was just pissing away free money. My wife told them what our retirement plans were and told them where we were at currently and everyone of them said they wish they were like her. I bet you next week's paycheck, not one of them will change a thing in the next year to plan for retirement. Maybe Mike-hopefully, who I blew up at for not taking advantage of a 10% match when him and his wife both made 150K a year easily. My wife even scolded me for raising my voice and using choice language in doing so. How can people be so dense?</p></blockquote><p></p>
[QUOTE="Benben, post: 1104902, member: 25133"] [b]Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20[/b] I am in the Central States plan and I am pretty sure its 3K a month at 30 years with $100 added for each year after 30. I really don't see myself working past 30 years even if I bump into feeders. There is just too much I want to do and too much of the world I want to go and see. We (wife and I) will easily have everything paid off in the next 15 years. We'll help the kids a bit with college but its mostly on them (both her and I put ourselves through school and both know it will mean more to them if they do the lion's share themselves.) We live within our means. Which is why rat-holing(spelling?) away funds is so vital in my mind. When monies go into savings vehicles (401K, Roth 401K, DESPP, broker account, and now after tax 401K: hell I even set up an extra $5 per check with-held for fed tax just so I get a bigger check back the next year) before they hit our checking account it doesn't get spent. We see whats in the checking account, know the bills about to be due, and seem to spend all the rest. I told her we should never let the checking account go below 2K and it always seems to be right at 2K on Thursdays, go figure. I am a 100% a divi investor also, with that being said, at some point I will have a small portion of the broker account that I "play" with for speculation gambles....thinking pink sheets only. Currenty I have high risk, high divi holdings, 10%+ yioelds. I imagine over time I'll lower that to a target of 5-7% yields. It amazes me about how the majority of the population do not plan for later in life. We had all my inlaws over today for my oldest's conformation party. All my wife's sisters (5 total) and their families were running amok in and around my house (Catholic family so the number of kids was insane from, 16 years of age down to 9 month old babies). The conversation went to retirement and not one of them were involved in their company's 401K and not one had a pension/defined retirement plan except 1 (Cessna employee). What blew me away was the husband of the sister who worked (get this) in the financial wing at Cessna Aircraft works for a website design company that [B]matched up to 10% in their 401K[/B]. I was totally stunned. I told him he was just pissing away free money. My wife told them what our retirement plans were and told them where we were at currently and everyone of them said they wish they were like her. I bet you next week's paycheck, not one of them will change a thing in the next year to plan for retirement. Maybe Mike-hopefully, who I blew up at for not taking advantage of a 10% match when him and his wife both made 150K a year easily. My wife even scolded me for raising my voice and using choice language in doing so. How can people be so dense? [/QUOTE]
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