401k - what do you do?

March 08, 2013 @ 22:13:50 PM
Post: 84
Join Date: Jun 2011
im at my first job making 35k/year

should i do 401k? and if so, how much?

employer does not match, but they pay to manage it
March 08, 2013 @ 22:24:32 PM
Post: 1709
Join Date: Aug 2012
Location: Satriales Pork Store
I get that UC personal retirement fund. At rate im going by time i retire here its projected to be 1.7million in 1 lump sum or 2 million in monthly payments...

had 401k at ups and fuck that shit when they dont match not worth it.

Lillyhammer

March 08, 2013 @ 23:14:29 PM
Post: 84
Join Date: Jun 2011
I get that UC personal retirement fund. At rate im going by time i retire here its projected to be 1.7million in 1 lump sum or 2 million in monthly payments...

had 401k at ups and fuck that shit when they dont match not worth it.
http://seerpress.com/uc-personal-retirement-funds-face-20-billion-shortfall/5923/
good luck man

but thanks for the tip
April 21, 2013 @ 13:04:07 PM
Post: 7
Join Date: Apr 2013
Look, the advantage of a 401k is you don't pay taxes on the money you put into it. That helps you multiply yo cash up quick. Company matches started when they got rid of company retirements.
1. Use the 401k to give you a writeoff ( it will lower your gross income which may put you in a lower tax braket )and you will have 35% more money active in the market than if it was pretaxed.
2. The only downfall to this whole thing is you and I don't know what the tax rates will be like when you retire. So instead of paying 30% like you do now...we may be paying 40% in the future.

Do it
April 22, 2013 @ 05:45:12 AM
Post: 3505
Join Date: Apr 2008
I'd say do it.

but if you decide not to find another way to save up for your retirement.

Lil JoJo : i really want rizal! 13:10

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