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UPS/TEAMSTERS 401K any good?
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 614962" data-attributes="member: 12570"><p>Investing is a purely personal thing and I would be hesitant both to ask or to give advice on how much and what to invest in. But, I will give you advice so that you can invest and your take home pay will remain about the same. There is a relationship between the % that you have withheld from your check and the allowances on your W-4 that will allow you to adjust both and keep your take home about the same. As you know, your 401k is pre tax money so when it comes time to file your taxes the amount that you have withheld will come off of your income for tax purposes. Now, if you would prefer a big tax refund, then do not adjust your W-4; however, if you would prefer to keep your take home pay about the same, adjusting your W-4 will reduce the taxes being withheld from your check and your tax refund should be about the same as the year before, all others things being the same. There are a number of calculators online which can help you adjust your W-4.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 614962, member: 12570"] Investing is a purely personal thing and I would be hesitant both to ask or to give advice on how much and what to invest in. But, I will give you advice so that you can invest and your take home pay will remain about the same. There is a relationship between the % that you have withheld from your check and the allowances on your W-4 that will allow you to adjust both and keep your take home about the same. As you know, your 401k is pre tax money so when it comes time to file your taxes the amount that you have withheld will come off of your income for tax purposes. Now, if you would prefer a big tax refund, then do not adjust your W-4; however, if you would prefer to keep your take home pay about the same, adjusting your W-4 will reduce the taxes being withheld from your check and your tax refund should be about the same as the year before, all others things being the same. There are a number of calculators online which can help you adjust your W-4. [/QUOTE]
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