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UPS Retirement Topics
Well didya or dintya? When it came to retirement income.
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<blockquote data-quote="olroadbeech" data-source="post: 3124125" data-attributes="member: 52145"><p>my pension is only about a third of what I was making full time. but that puts us in a lower tax bracket so we get a refund.</p><p></p><p>but you are right if we factored in a 3-4% withdrawal from the 401k, the IRA, and social security we would have a higher income than when I was working. </p><p></p><p>if you are young and planning ahead for retirement you are in the top 5% of smart people. don't have all your eggs in one basket. pension, max 401k, roth Ira's ,social security , and cash savings and you'll be OK.</p><p></p><p>the mistake most young people make is getting into debt over toys. cars, trucks, rvs, motorcycles, etc. paying interest on loans.( and credit cards ) there is nothing wrong with enjoying some toys. just buy them 3-5 years old when they have already depreciated 60-70 %. </p><p></p><p>we were lucky when we bought our home in the 90's. prices were about a quarter what they are now. I'd wait and see if there is another housing bubble crash and be ready for it by having a bunch of cash ready for a down payment.</p><p></p><p>good luck.</p></blockquote><p></p>
[QUOTE="olroadbeech, post: 3124125, member: 52145"] my pension is only about a third of what I was making full time. but that puts us in a lower tax bracket so we get a refund. but you are right if we factored in a 3-4% withdrawal from the 401k, the IRA, and social security we would have a higher income than when I was working. if you are young and planning ahead for retirement you are in the top 5% of smart people. don't have all your eggs in one basket. pension, max 401k, roth Ira's ,social security , and cash savings and you'll be OK. the mistake most young people make is getting into debt over toys. cars, trucks, rvs, motorcycles, etc. paying interest on loans.( and credit cards ) there is nothing wrong with enjoying some toys. just buy them 3-5 years old when they have already depreciated 60-70 %. we were lucky when we bought our home in the 90's. prices were about a quarter what they are now. I'd wait and see if there is another housing bubble crash and be ready for it by having a bunch of cash ready for a down payment. good luck. [/QUOTE]
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UPS Retirement Topics
Well didya or dintya? When it came to retirement income.
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