You will get plenty of criticism on RIU..lolI switch career but kinda miss my real passion now. I've been so outspoken that I forgot to appreciate criticism from other people.
400k, that's a ton of money. What do you do?Got a promotion at work
401k up 21%
Here’s to a prosperous 2018 for all.
I guess I will have a lot coming from you. LOLYou will get plenty of criticism on RIU..lol
naa, I'm not to bad. If you visit the Politics section then have a thick skin..lolI guess I will have a lot coming from you. LOL
Im not American, 401k is not Money?, as in salary. Or is that a common salary there?401k and most other investments up double digits
No I'm a aviation mechanic middle income 80kIm not American, 401k is not Money?, as in salary. Or is that a common salary there?
? 401k is a fantasy until the day you cash it out!Im not American, 401k is not Money?, as in salary. Or is that a common salary there?
What is it?? 401k is a fantasy until the day you cash it out!
Damn, thats sucks.It is a retirement plan that you pay for yourself, sponsored by your employer. In other words, if you realize that the American government has stolen all the Social Security taxes you paid in, you find another way to have retirement income. A 401k is something you contribute to with payroll deductions before the taxes are figured and many times, your employer will match your contributions up to 3% of your income.
My employer pays up to 8% match so if you only pay in 3% that is all they match you put in 4% they match that etcetera. Not as generous as when I accepted the job which was we got a pension! At least I have 12 years in the pension fund and have been investing 15% since they changed with them adding 14% still sucks that you have to plan and take care of your retirement while working but better then counting on the government to provide social security which I have paid into since I was 13!Damn, thats sucks.
Ours works the opposite way. The employer pays into our super fund of choice 9.5% of pre tax earnings (its like being paid 9.5% extra wages except you cannot touch it till you retire) and the employee can then choose to pay extra in (pre tax) and if they contribute more than $1000 in the year then the govt will throw in an extra $500.