just curious to know how many people here contribute to their 401(k) plans at work or some other type of retirement plan
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Thread: 401(k)
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11-06-2007 10:31 AM #1Spread and Straddle
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401(k)
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11-06-2007 10:33 AM #2Greatest Of All-Time
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no 401k here...but i have been putting 3grand+ since i turned 18 into an ira...
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11-06-2007 10:39 AM #3Registered User
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401k since 1991
always the max
--less taxes!
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11-06-2007 10:40 AM #4Registered User
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yes i contribute. always had a good match too. last company matched 6% of what you contribute & current company matches 10%.
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11-06-2007 10:48 AM #5Spread and Straddle
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yes definately! its so important to start at a young age. even people who dont have as much disposable income really need to contribute, even a small amount, it will surely payoff in the long run. plus alot of companies match like browneyedgirl stated, free money right there.
Originally Posted by stefanm3
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11-06-2007 10:56 AM #6i'm on wheels yo
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11-06-2007 11:00 AM #7passionate for breakfast.
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401k since 17. current employer matches 50%
what do you guys think is the best way to invest and distribute the money?It is incumbent on you, yes You, to educate yourself to a sufficient extent that you are in a position to evaluate information issued from a position of authority. You are supposed to be able to recognize silly bullshit when you hear it.
Rippetoe
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11-06-2007 11:06 AM #8i'm on wheels yo
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i get 100%, i thought that was standard...
not bad i guess lol
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11-06-2007 11:09 AM #9passionate for breakfast.
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well it varies.. Originally Posted by DizzLe
i get 100%, i thought that was standard...
not bad i guess lol
is it 100% of what your total contribution is, or is it 100% of the first 5% ,which is more standard for a company.It is incumbent on you, yes You, to educate yourself to a sufficient extent that you are in a position to evaluate information issued from a position of authority. You are supposed to be able to recognize silly bullshit when you hear it.
Rippetoe
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11-06-2007 11:10 AM #10Registered User
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mine matches 100% for up to 10% that you contribute. that is the difference. some match only 50% of what you contribute. usually there is a max % that they will match. Originally Posted by DizzLe
i get 100%, i thought that was standard...
not bad i guess lol
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11-06-2007 11:11 AM #11Greatest Of All-Time
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dude where do you work lol i want to work there lol Originally Posted by DEEPER KEMICAL
invest - real estate
i currently collect 1g a month from a few friends to save up so we can buy some property together or else they would just blow it...
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11-06-2007 11:11 AM #12Lets Go Yankees
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i dont have one. every company ive worked for doesnt offer them
Sometimes, I think I can see right through myself
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11-06-2007 11:13 AM #13passionate for breakfast.
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well i cant invest my 401k earnings in real estate. i was curious to know where to distribute the money. like stocks? bonds? international market? my company has a nice selection, but im choosing the 5 star options from Fidelity. Originally Posted by poppa pri
It is incumbent on you, yes You, to educate yourself to a sufficient extent that you are in a position to evaluate information issued from a position of authority. You are supposed to be able to recognize silly bullshit when you hear it.
Rippetoe
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11-06-2007 11:14 AM #14passionate for breakfast.
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do u invest in an IRA then? Originally Posted by nycxtcgirl69
It is incumbent on you, yes You, to educate yourself to a sufficient extent that you are in a position to evaluate information issued from a position of authority. You are supposed to be able to recognize silly bullshit when you hear it.
Rippetoe
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11-06-2007 11:14 AM #15Spread and Straddle
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invest- most people should stick to asset allocation for retirement plans, this money if tied up until you turn 59&1/2 so you can afford to be aggressive with your investment choices Originally Posted by DEEPER KEMICAL
to distribute - well that depends on your financial situation when you retire
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11-06-2007 11:16 AM #16Lets Go Yankees
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no i onnly have savings accts. Originally Posted by DEEPER KEMICAL
I have no idea how to invest or where to do it.
Sometimes, I think I can see right through myself
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11-06-2007 11:16 AM #17Registered User
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i just do the target 2040 retirement & let them pick for me. it's through Fidelity.
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11-06-2007 11:18 AM #18passionate for breakfast.
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then look into a Roth IRA. you should deff be putitng aside money right now for the future Originally Posted by nycxtcgirl69
no i onnly have savings accts.
I have no idea how to invest or where to do it.
a Roth IRA is like a 401k, except that it is done AFTER taxes and you dont pay taxes when you take it out.It is incumbent on you, yes You, to educate yourself to a sufficient extent that you are in a position to evaluate information issued from a position of authority. You are supposed to be able to recognize silly bullshit when you hear it.
Rippetoe
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11-06-2007 11:23 AM #19Spread and Straddle
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for a younger person, large, mid, small cap, international & emerging market funds are good mix (it all depends on your age, risk tolerance etc.) Originally Posted by DEEPER KEMICAL
401(k) plans will limit your investment choices to their platform so it is also very beneficial to have an IRA where there arent such limits
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11-06-2007 11:27 AM #20Spread and Straddle
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i will help you if you want, PM me your AIM Originally Posted by nycxtcgirl69
no i onnly have savings accts.
I have no idea how to invest or where to do it.
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