Over70irregs
Well-Known Member
Anything4votes&$.com
Does Blackrock have a better 401k option than UPS/Teamsters 401k?
- Thread starter Over70irregs
- Start date
Thebrownblob
Well-Known Member
With as rich as you are from bitcoin, why aren’t you going?
Over70irregs
Well-Known Member
I didn’t studyWith as rich as you are from bitcoin, why aren’t you going?
or had enough faith in the beginning. My loss…
Thebrownblob
Well-Known Member
I didn’t study
100%ORIONComplianceGuy
25+ Year UPSer and Teamster
They’d have to pay me that amount to even go to Nashville these days. That place (like many in the south) seems to have become home base for some of the worst drivers and traffic in America. And is hipster hell.With as rich as you are from bitcoin, why aren’t you going?
Thebrownblob
Well-Known Member
Been many years since I’ve been there.
100%ORIONComplianceGuy
25+ Year UPSer and Teamster
It sucks. I almost feel sorry for people that go there on vacation. I mean WTF? There’s really nothing there. Maybe a decent day trip if you live close and really like country music.
I'm confused why would somebody put money into a 401k that's not matched by the company and not just invest in the UPS stock at a 5% discount and then go to a brokerage company and get a Roth IRA ? Investing in a 401k that's not match is nothing but a glorified savings plan.
Thebrownblob
Well-Known Member
I don’t think I could’ve saved almost $1 million in a saving plan. There isn’t anything wrong with the way you’re suggesting going about it, but it’s a lot more complicated then having money just directly taken out of your check and not thinking about it.
Did you see how much money UPS stock lst yesterday?
Plus the 401K money has more protections from creditors and lawsuits than your personal assets
Over70irregs
Well-Known Member
Tax deferral? Just a guess
Thebrownblob
Well-Known Member
It’s nice now, but I’m sure you’ll pay for it in the end. Been using my Roth 401(k) much more.
728ups
All Trash No Trailer
When I retired I hired a financial planner and the first thing he did was tell me how badly the 401 K was underperforming.
I got out of (at the time it was Prudential) the teamster/UPS 401K and he invested my money into Pacific Life and friend &. G and have seen a much bigger return.
He also had me sell half of my UPS stock.
I had 3000 shares and was very very reluctant due to the quarterly dividend but that was invested into a higher performing portfolio as well.
I got out of (at the time it was Prudential) the teamster/UPS 401K and he invested my money into Pacific Life and friend &. G and have seen a much bigger return.
He also had me sell half of my UPS stock.
I had 3000 shares and was very very reluctant due to the quarterly dividend but that was invested into a higher performing portfolio as well.
Darmark7
Retired 2020. Not my Problem Anymore!
if UPS drops the amount they pay per dividend that will be the sign of death. UPS has always bragged about never lowering the price paid per dividend in its history.
I’m sitting on about 2000 shares and it’s getting concerning. 1 woman CEO has done so much harm to this company. Hope we have learned our lesson moving forward.
I’m sitting on about 2000 shares and it’s getting concerning. 1 woman CEO has done so much harm to this company. Hope we have learned our lesson moving forward.
Thebrownblob
Well-Known Member
I own zero shares of UPS. I invested in other things, but there was a time when I thought UPS would be a very solid investment.. Do not think UPS is a great investment anymore. I think the stock will add under perform. There used to be a genuine attempt to take care of the customers and do the right thing. This is a different company than when you started and I started. There is no commitment to excellence in customer service. The only thing they’re worried about is who to blame when things go wrong. This is still a great company and I think things could change. I just don’t see it happening in the foresee of the future. I hope I’m wrong.
DriveInDriveOut
Inordinately Right
Sounds like your "financial planner" sold you whole life trash that gets him a kickback.
Our 401k is mostly index funds with very low fees. If it was underperforming then the whole market was too.
Thebrownblob
Well-Known Member
I agree our fees are very low, but according to what I’m hearing blackrock taking over is going to more than double them? Seems pretty unfair.
DriveInDriveOut
Inordinately Right
I mean, doubling from practically nothing?
And it looks like the sp500 expense ratio is going down.
I don't know I haven't dug into all the details.
Over70irregs
Well-Known Member
Yes good point. Taxes WILL be higher on us common folk later on.
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