UPS Freight Diary:
Discussion in 'LTL and Local Delivery Trucking Forum' started by Russian Rabbit, Jan 3, 2016.
Page 93 of 96
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
LtlAnonymous Thanks this.
-
-
UPS is a very solid company and does offer good pay and benefits. Cant fault anyone for working there as it can provide a great quality of life as far as a home and cars and providing for a family goes. But in my opinion if a good work schedule is more important for you along with valuing yourself and being able to spend time with the kids and all, then its not the best job. It'd be a phenomenal job if someone was early 20s with no family or anything like that. Then by the time theyre 40, they have plenty of seniority and most likely a good bid.Last edited: Jun 24, 2020
LtlAnonymous Thanks this. -
However, current income tax rates are very low historically speaking and the budget deficit is out of control. At some point, taxes will likely be raised to compensate for that. If income tax levels are much higher at the time you retire, it may not even matter that you withdraw a lot less to live on; the taxes you end up paying on the distributions from a Traditional IRA/401k might be a higher percentage than tax rates were during your working years. In that case, the Roth would've been better. @Banker also pointed out the added benefit of tax-free growth in Roth accounts.
My ultimate goal is to eventually max out both my Traditional 401k and Roth IRA. The way I see it, my 401k offers a guaranteed immediate return in the form of my employer's match and my reduction in taxable income, and the Roth account guarantees that none of its growth will be taxed (as long as the securities in it are held for 5 years and not traded). Even if I maxed both of those out ($25,500), my current income less those contributions is higher by far than I ever made at any other job, so I don't see why I couldn't live off that amount just fine.Cardfan89, LtlAnonymous and Banker Thank this. -
My financial planning goals for nearly 30 years have been to double my income when I retire. 59.5 and some change is my target date and still very close to being on track. @LtlAnonymous will also if he plays his cards right with his great income and future pension.
Cardfan89 and LtlAnonymous Thank this. -
And yes, the hours can be insane, and seniority at certain terminals is insane. I wouldn't say UPS is for everyone at every terminal. I'm lucky I'm just crazy enough and at a good terminal to make this work.Bob Dobalina and BigDog Trucker Thank this. -
Cardfan89 and Bob Dobalina Thank this.
-
Bob Dobalina, dwells40 and Banker Thank this.
-
LtlAnonymous Thanks this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 93 of 96