UPS Stock vs 401k

[IVE GOTTA PACKAGE 4U]

Can't contribute, why is that?

His wife makes too much money!
He is a gold digger!

 

[Brownslave688]

Can't contribute, why is that?

Income limits.

I'm not complaining at all. Just saying everyone's situation is different.

 

[Brownslave688]

His wife makes too much money!
He is a gold digger!

I worked awful hard for a gold digger. Lol

She's still got a few years of buying me goodies before I quit pointing out my 70-80 hour work weeks to put her through school.

 

[IVE GOTTA PACKAGE 4U]

I worked awful hard for a gold digger. Lol

She's still got a few years of buying me goodies before I quit pointing out my 70-80 hour work weeks to put her through school.

You better be nice to her.
She might trade you in,for a younger model!

 

[Brownslave688]

You better be nice to her.
She might trade you in,for a younger model!

By that time maybe ill be aged beef and give BB58 a call.

 

[UpstateNYUPSer(Ret)]

By that time maybe ill be aged beef and give BB58 a call.

Hope you enjoy one-sided conversations.

 

[Brownslave688]

Hope you enjoy one-sided conversations.

I'm still strictly about the physical relationship. Lol

 

[jerseyupser]

I never have talked to anyone about my 401k , professionally .
That said I still owe some UPS stock ( last purchase was in 2003 ) which I use for a rainy day .
I believe the national average for a 401k is about 70,000 - 80,000 .
I on the other hand have close to what an airline pilot's average would be .
Every raise given meant that I raised my contribution up by at least 1% .
Since I plan on retiring soon I up my rate every quarter .
Putting money into a 401k give you a tax deduction , which is a good thing .
Buying stock even with a discount is not .
Because when you sell it Capital Gains Taxes must be paid ( up to 39% ) .

Thank you. Do you know the exact tax on the stock?


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[jerseyupser]

I've been at ups for a very short career thus far and I'm rocking 4% percent into a Roth, 4% in 401k, and $50 in stock every paycheck.

Wow that's pretty solid my friend!


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[BrownTexas]

Wow that's pretty solid my friend!


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I want to make sure I have the ability to spoil my grand kids when I retire.

 

[IVE GOTTA PACKAGE 4U]

I want to make sure I have the ability to spoil my grand kids when I retire.

Or atleast afford, DEPENDS.

 

[BrownTexas]

Or atleast afford, DEPENDS.

How's that prescription of Viagra working out for ya?

 

[IVE GOTTA PACKAGE 4U]

How's that prescription of Viagra working out for ya?

Pretty good. now I can go.. myself!

 

[brownmonster]

Thank you. Do you know the exact tax on the stock?


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Depends on how long you own it.

 

[upschuck]

Depends on how long you own it.

And your wages.

 

[1989]

And your wages.

Net income

 

[Xexys]

Does the money that is taken out of your pay for UPS stock still sit on the shelf for 3 months or so until the buy order goes in? If so, I would say the 401k is a better investment as it takes only a day for the buy order after your pay check.

 

[jerseyupser]

Does the money that is taken out of your pay for UPS stock still sit on the shelf for 3 months or so until the buy order goes in? If so, I would say the 401k is a better investment as it takes only a day for the buy order after your pay check.

That I don't know of. But you do get a discount from the UPS stock and it is good stock pays dividends every quarter.


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[UpstateNYUPSer(Ret)]

That I don't know of. But you do get a discount from the UPS stock and it is good stock pays dividends every quarter.

The discount used to be 10% off of the lowest price of the quarter. It is now 5% of the price on the last day of the quarter. Big difference.

As was mentioned above, if the company is indeed holding your money and purchasing stock on your behalf at the end of each quarter, you are losing the compounding potential of that money for 3 months, which may not sound like much but it does add up over time.

 

[1989]

Ups stock is a stock. You sell, you pay taxes on your gains or get a deduction on your losses.

401K is an account (a savings account, for example) with special tax advantages. Many things can be purchased with the funds and held in this account.