Not feeling old enough?

[SD_Ryoko]

LOL not 50% of my check, 50% up to the first 6% that I defer.

So If I defere 120$, he pockets me $60.

So I defere 6% lately, so I get the full half. If I defere more, the match is the same. See?

So 2% of your check, or 2% of your deferal?

Like if you defere 120, do you get $2.10? That would suck bad yes.

At the start I was derfering 15% a while to get it going. Now it goes on its own - heh heh.

BTW I cant spell.

 

[lordloki]

401k is only good if the company that handle's it allows you to diversify on your own. For example, my wife's company forces her to keep a certain amount vested with her company.. piss on that.

Regardless. IRA's return divedends usually yeild 3-4 times as much as a 401k, althought the extra money from your employer helps, if you manage it right, you can make a considerable amount more with it.

Anyway.. it was a rhetorical/humorous statement to begin with.. Ie... Making me worry about retirement, getting older.. etc.

<-- Once again, his dry ass humor is misundertsood.

 

[SD_Ryoko]

So does mine, but the vested ammount is yours after 5 years, which I have completed

 

[1JadedJen]

yeah, it was 2% of my deferral. AND they only put in their portion at the end of the year...which was only like 35 bucks anyway - which wasn't mine to place until it was in there for 1 year and became vested UGH. Since we transferred and I am not working there anymore no more money is going into it. I think I may transfer it all into the government thrift savings plan.

 

[Darg]

what is 401k? if it is not the name of something, then ryoko you are one rich dude....

 

[The Helper]

A 401k is a retirement plan usually sponsored by a person's work here in the US. Employers will match employee contributions usually up to a certain percentage.