Anyone see the email about the 401k funds changing names?

[The Jeep Driver]

I moved my 401(k) into my IRA and am taking the income from it. Still contributing 15% to my 401(k) every week.

The rules are, according to Empower, we are not able to move funds (rollover) out of the UPS Teamsters 401(k) until we are no longer employed by UPS. Also, one who is not employed by UPS would not be able to continue to contribute to said 401(k).
Your statement makes zero sense as worded.

 

[Thebrownblob]

The rules are, according to Empower, we are not able to move funds (rollover) out of the UPS Teamsters 401(k) until we are no longer employed by UPS. Also, one who is not employed by UPS would not be able to continue to contribute to said 401(k).
Your statement makes zero sense as worded.

I thought so as well, although I wasn’t sure if there was an age provision.

 

[PT Car Washer]

The rules are, according to Empower, we are not able to move funds (rollover) out of the UPS Teamsters 401(k) until we are no longer employed by UPS. Also, one who is not employed by UPS would not be able to continue to contribute to said 401(k).
Your statement makes zero sense as worded.

Depends on your age. Younger guys no. Retirement age yes.

 

[PT Car Washer]

I thought so as well, although I wasn’t sure if there was an age provision.

Yes there is.

 

[Thebrownblob]

Yes there is.

That’s good to know although our plan is pretty restrictive, it’s better than nothing.

 

[The Jeep Driver]

Depends on your age. Younger guys no. Retirement age yes.

OK. Thank you for clarifying.
Follow-up question; why aren't you putting that 15% into the IRA instead of continuing to invest in the 401(k) that you moved funds out of?

 

[catstalking]

I'd say more "inconvenienced" than "ed." Move your money into an IRA.
I'm not doing business with Blackrock.

You don't get a choice goyim, Blackrock has their tentacles in basically everything, what retirement vehicle you choose is irrelevant you can't escape their grasp

 

[IVE GOTTA PACKAGE 4U]

OK. Thank you for clarifying.
Follow-up question; why aren't you putting that 15% into the IRA instead of continuing to invest in the 401(k) that you moved funds out of?

He might not be eligible for deductible IRA

 

[PT Car Washer]

OK. Thank you for clarifying.
Follow-up question; why aren't you putting that 15% into the IRA instead of continuing to invest in the 401(k) that you moved funds out of?

I am not really that financially savvy. We try and max out both funds. Always said I am saving for my old age. Guess I'm there.

 

[Well-Known Member]

The rules are, according to Empower, we are not able to move funds (rollover) out of the UPS Teamsters 401(k) until we are no longer employed by UPS.

You can once you turn 59 1/2.