enrolling in 401k

[DriveInDriѵeOut]

That number displayed in the 401k site is bogus. You have to dig deep into the prospectus to discover the 0.28% custodial fee (yearly). And 0.75% transaction fee (buy or sell). Our funds suck. Vanguard via IRA is way better

Math is hard huh?

 

[IVE GOTTA PACKAGE 4U]

Math is hard huh?

 

[DriveInDriѵeOut]

View attachment 154557

 

[Jkloc420]

I use the Vanguard Divided growers and Divenend appreciation funds. They have both done very well.

no you dont

 

[oldngray]

Vanguard funds are great but I don't think they are an option in the UPS plan.

 

[flatbread]

Silence

Well, it is a sector fund. You can't blame the fund manager if the fund goes down along with the entire sector. One might take that fund as a diversifier against the rest of the portfolio, but don't take it as a gauge of how good or bad Vanguard is.

 

[IVE GOTTA PACKAGE 4U]

Well, it is a sector fund. You can't blame the fund manager if the fund goes down along with the entire sector. One might take that fund as a diversifier against the rest of the portfolio, but don't take it as a gauge of how good or bad Vanguard is.

I'm happy with Vanguard

 

[flatbread]

Vanguard funds are great but I don't think they are an option in the UPS plan.

Vanguard founder Jack Bogle would probably be very happy with our 401(k) options if you were to walk up to him and ask. Index funds that don't try to game the market. Very low expense ratios. My one complaint is that there isn't a single "Total Stock Market" fund like there is with Vanguard, but you can fix that yourself with a right ratio of large-cap, mid-cap, and small-cap funds.

 

[Elvis]

I have 810k in the 401k and 150k at Vanguard & 732 shares UPS. The fees are lower in the 401k, my return YTD is over 13%. ROTH 401k is best starting out. JUST START, 10% and you'll be fine, more you'll be rich. Fine tuning can come later.

 

[brownmonster]

I have 810k in the 401k and 150k at Vanguard & 732 shares UPS. The fees are lower in the 401k, my return YTD is over 13%. ROTH 401k is best starting out. JUST START, 10% and you'll be fine, more you'll be rich. Fine tuning can come later.

Thank you. Thank you very much.

 

[Future]

I'm happy with Vanguard

WDFD

 

[Jones]

Republicans eye capping 401(k) pretax contributions at $2,400 a year

 

[IVE GOTTA PACKAGE 4U]

Republicans eye capping 401(k) pretax contributions at $2,400 a year

Not crazy about that idea. Why can't they do something simple like 50/50 ?

 

[Jones]

Not crazy about that idea. Why can't they do something simple like 50/50 ?

It's essentially a tax increase on the middle class, which they said they wouldn't do.

 

[IVE GOTTA PACKAGE 4U]

It's essentially a tax increase on the middle class, which they said they wouldn't do.

Yes and no. If you are saving in a ROTH it doesn't really matter. Personally I think that will discourage some people from saving more for retirement.

 

[Jones]

Yes and no. If you are saving in a ROTH it doesn't really matter. Personally I think that will discourage some people from saving more for retirement.

There's no "yes and no" about it, it's a tax increase that's the whole reason they're doing it. They are planning big tax cuts to corporations and the top 1% and in order to stay revenue neural they have to get the money from somewhere else. That's where we come in.

 

[flatbread]

[concerning the 401(k) limit drop proposal]

In a political environment in which dependency on government handouts is toxic, why would anyone make such a drastic move to increase it? I would only support this if it came with a large increase in the Roth IRA limit.

 

[IVE GOTTA PACKAGE 4U]

[concerning the 401(k) limit drop proposal]

In a political environment in which dependency on government handouts is toxic, why would anyone make such a drastic move to increase it? I would only support this if it came with a large increase in the Roth IRA limit.

We have a ROTH option in our 401k

 

[Jones]

[concerning the 401(k) limit drop proposal]

In a political environment in which dependency on government handouts is toxic, why would anyone make such a drastic move to increase it? I would only support this if it came with a large increase in the Roth IRA limit.

I wouldn't support it no matter how much they raise the Roth limit (if that's even on the table) and neither should you. Down the road what's to stop them from levying some sort of "fee" (not a tax mind you!) on your Roth withdrawals? Keep in mind they are also talking about taking away things like the mortgage deduction. Working Americans need more tax shelters, not less. Givebacks set a terrible precedent.

 

[DriveInDriѵeOut]

Yes and no. If you are saving in a ROTH it doesn't really matter. Personally I think that will discourage some people from saving more for retirement.

Only 10% of people use Roth. People will save less to keep their take home pay the same.

My wife and I would probably have to put 8 grand less in our 401k's next year if they did this.