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Brown Cafe UPS Forum
UPS Retirement Topics
When can you start contributing to the 401k
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 1367852" data-attributes="member: 12570"><p>The key is to keep the repayment term as short as possible. Our 401k limits you to no more than 2 loans going at the same time. I think I had 8 short term loans to pay for my share of our daughter's tuition and had them all paid off before she walked. I also co-signed for a private loan ($3K) that she took out to pay for a few courses at a community college----this has since been paid off.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 1367852, member: 12570"] The key is to keep the repayment term as short as possible. Our 401k limits you to no more than 2 loans going at the same time. I think I had 8 short term loans to pay for my share of our daughter's tuition and had them all paid off before she walked. I also co-signed for a private loan ($3K) that she took out to pay for a few courses at a community college----this has since been paid off. [/QUOTE]
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When can you start contributing to the 401k
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