Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
When can you start contributing to the 401k
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="PhatAzz" data-source="post: 1367920" data-attributes="member: 15930"><p>Get in it, stay in it, Put as much as you can in it. You will HATE it at first. You'll probably hate it for the first 10 years. After 10 years or so, it will start growing and multiplying and hopefully you will see the benefit of uping your contribution to the max. I'm assuming you're younger than 25 or 30?</p><p>20 years from now you'll look at it and realize that there is no way on this planet that you would have ever saved that amount of money on your own - without someone keeping it away from you.</p><p>Then when you turn 50-55 and your 401K has a million and a half in it, you can consider leaving UPS any time you want without having to worry about working toward a $40K yearly pension. By that time, 20 - 25 years from now, everyone will have health care so that should not be a concern.</p><p>My wife "used" to hate that I had the max taken out of my pay every year. That is until she started looking at the 401K statement - now she looks at the statement and she gets happy)</p></blockquote><p></p>
[QUOTE="PhatAzz, post: 1367920, member: 15930"] Get in it, stay in it, Put as much as you can in it. You will HATE it at first. You'll probably hate it for the first 10 years. After 10 years or so, it will start growing and multiplying and hopefully you will see the benefit of uping your contribution to the max. I'm assuming you're younger than 25 or 30? 20 years from now you'll look at it and realize that there is no way on this planet that you would have ever saved that amount of money on your own - without someone keeping it away from you. Then when you turn 50-55 and your 401K has a million and a half in it, you can consider leaving UPS any time you want without having to worry about working toward a $40K yearly pension. By that time, 20 - 25 years from now, everyone will have health care so that should not be a concern. My wife "used" to hate that I had the max taken out of my pay every year. That is until she started looking at the 401K statement - now she looks at the statement and she gets happy) [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
When can you start contributing to the 401k
Top