UPS Starting that 401k!!

Start that 401k, also do not forget to add the deduction into your non Roth (post tax). Save yourself by entering into a lower tax bracket.
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[@BEARSTORM94]

Bro you’re the only driver that has financial help on KZbin

[@georgeneil8761]

Thanks mate Tour videos helped me when I 1st started as a driver.

[@thomasanderson1783]

This was very informative. I’ve been a driver since 03 and I’m only putting a very small amount into my 401k . I find it intimidating because it’s all online and there’s no one to ask. I’m not a computer wizard.

[@jamisojo]

Try to contribute enough to get the full match from the company, if there is a match. (That is free money to encourage you to save for your retirement.) Try to read about the basic ideas of mutual fund investing would be my advice. I would just invest in a very diversified fund. Is an s&p 500 fund if they have one. If you are getting a significant amount of dollars in there, I would consider finding someone you can start an IRA with. Someone who can teach you about the basics of investing. If they don't talk to you like they are a teacher then find someone else.

[@johnlefebre7495]

@@jamisojo no match unfortunately. we do have a really good pension though (full time and part time). we also have a roth 401k option, as well as pre tax. there is an s&p 500 fund as well.

[@akeithwill33088]

Thank you. Im a part time package handler doing 20% roth

[@rickj1983]

I don't know if it is still the same as when I was a driver back in the 90's, but neither UPS or the Teamsters contributed to my 401-k. It was all on me.

[@amerribic9096]

Thanks for the info Chris, I am new driver who just graduated and this tip will come in handy in year to come!

[@jamisojo]

I would consider starting an emergency fund for the "little projects" rather than drain your retirement account over and over. After tax contributions sound like a Roth account. You might want a nice big one when you are retired. 😁

[@itscrazybutitstrue]

Start posting again !!

[@Explosive707]

I recently just started as a package car driver at UPS, I purchased a pair of stellar tac waterproof under armor boots, they are lightweight and seem promising.

[@chris707man]

I'll look into it those. Thanks.

[@mnfisherman8]

Really enjoying the content but tax brackets work a bit differently than how you explained. Any income from ~$40-85k is taxed at 22%. If you made $87k, only that last ~$2k you earned would be taxed at the higher tax bracket (24%).

[@jamisojo]

Agreed. That is correct. And the numbers would all change if you're married.

[@derrickmd18]

i have a roth 401k at ups because i'll rather pay taxes now and the growth is tax free vs a pre tax 401k where you dont pay taxes now but when you take it out you pay taxes on the growth and what you put in.

[@chris707man]

Exactly, I have been trying to figure out how to change my contribution to the Roth, you can only contribute $6k correct?

[@derrickmd18]

@@chris707man yeah the 6k is federal law for all 401k. You have to go into the prudential retirement portal and change it from pre tax to roth. If you want to do over 6k you can do mutual funds yourself. Plus if you are married you can do 12k instead of 6k in the 401k

[@chris707man]

I changed it up yesterday 6% 401k, 8% Roth

[@alexander2685]

UPS Chris Yes 6,000 in 2020 in 2019 it was 5,500.

[@c.d.9508]

You can contribute $19,500 a year in a 401k regardless if you do a roth or pre tax. The $6,000 limit is for an IRA. Which is different than a 401k.

[@SFSFNoautographs]

I max out %35 just added the %5 after tax thanks for the tip

[@seanhower5130]

Wow I mean wow I put 11 percent in and work over 50 hours so it's money out of site out of mind,you put your time in you will be golden on the other side will bring you financial freedom.

[@jamisojo]

@@seanhower5130 That is true. Hope you are debt free also. (Except maybe a mortgage) And it is good to have an emergency fund it keeps anyone's hands off your retirement funds. 😁

[@luiscerda2132]

Ecco Exostrike brown or black

[@ososharp950]

Believe it or not doc martens have to be the most comfortable ones I’ve used and sturdy

[@F.R.G317]

Thorogood boots are my favorite!!

[@nicoc7024]

Do you know if someone leaves a job that was a union job, and was paying into that pension, can they take those contributions and put them into ups pension?

[@chris707man]

I’m not sure about that, sorry.

[@RequiredSkate0]

Mike. I know mike. I work with two mikes on the road, I also have two mikes as supervisors

[@Istradefee]

Do ups drivers ring your doorbell when packege is delivered or leave it in mailbox first time using ups

[@chris707man]

Front door delivery.

[@davidjoe9639]

You're not allowed to put anything in the mailbox, it's illegal.

[@christianestrella9690]

I always ring the doorbell adter delivering a package(s)! That’s what I’ve been taught and who isn’t happy when they know/hear that their package just arrived?!

[@Islam4ever2006]

@@christianestrella9690 Actually, there are many who aren't happy when their door bell rings or get a knock on their door. Dogs start barking, which many don't like it. Children wake up and mama is about to lazer beam the driver with her eyes, making him/her ashes mentally. There may be other reasons, but I do non-UPS deliveries and these are some of the reasons customers have noted on the app themselves. I just got hired for a seasonal position and I'm looking into what UPS employees have to to say about their experiences.

[@Islam4ever2006]

It's a Federal offense to put anything in the mailbox. Only your mailman is allowed to, unless you personally give someone you know authorization to put something in there.

[@thattin2006]

How do u even pull from that after tax? I couldn't find it on the site. I wanted to borrow a bit myself

[@chris707man]

it's on the prudential retirement website

[@Poop1996lol]

I use red wings man. With some in-souls

[@stevenpeterson7234]

401k? UPS gives a pension and a 401k man.

[@andyopsysxxx4553]

Hello, UPS Chris! Love the company, love the service, but the only reason I'm here is because you're FINE! Well, not the only reason. I'm learning about shipping for my company. But you're a cutie pie. Just saying.

[@GnaroB]

Keen boots

[@davedudhia4392]

Wolverine

[@jorgearellano7017]

You reccomend going in as a 22.4

[@chris707man]

I don't have a lot of experience with the 22.4, sorry I'm not able to help.

[@davidjoe9639]

It's the only way to become a driver. Eventually UPS will get rid of the RPCD classification. 22.4 make $7 less than a RPCD at top rate. So UPS will want to save money.

[@chris707man]

David Joe are they under contract to work under a certain amount of hours?

[@davidjoe9639]

@@chris707man No, 22.4 are a fulltime position with no time limitations. They don't get 9-5 protection. They're technically supposed to be half inside work and half driving. UPS is taking advantage of them since they get paid less than a RPCD. It's such a stupid thing since 22.3 exist. Unfortunately now, all drivers have to start off as 22.4 and bid for a RPCD later.

[@Future_looksbright]

David Joe I just got on as cover driver @$32.60hr and was told I’ll be working full time plus after 30days keep that pay.

[@jgarcia1499]

Bates boots are the best

[@chris707man]

What model of boots do you use?

[@Omegaoutlaw84]

White’s moctoe boots

[@YUSUF_ALMUJAAHID]

Hi tech boots- good boots

[@chris707man]

What model Hi-Tech's?

[@YUSUF_ALMUJAAHID]

@@chris707man IM SORRY, TACTICAL RESEARCH BOOTS- VERY GOOD BOOTS I SWEAR

[@YUSUF_ALMUJAAHID]

@@chris707man THE BOOTS ARE PRETTY EXPENSIVE IN MY OPINION BUTT REALLY GOOD- I HAVE HAD ONE PAIR FOR ALMOST 5 YEARS NOW- and there still looking and feeling good

[@ScarProxy]

Shit I wish I was is the 24 percent

[@aikalo80]

Just started as a package handler, do I have to wait to be union to start a 401k and is it true they don't match? Thats a bummer.

[@fredo2x625]

You still there ?

[@aikalo80]

@@fredo2x625 still here

[@fredo2x625]

@@aikalo80 can I apply again how is the work from last October?

[@aikalo80]

@@fredo2x625 for us we’ve been busy, it let up in January but picks up again for the summer season. I don’t see why you can’t apply again, as long as they’re hiring online.

[@fredo2x625]

@@aikalo80 yeah damn it’s still im need extra money

[@KT-mx3mh]

Do UPS also match the 401k for the union guys?

[@metapod666]

Does ups do any contribution matching?

[@edwinsmith8805]

They don’t match!!!

[@ajsessions6269]

No match so poor investment

[@DeterminedPika]

Ups is terrible DONT WORK here