Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
The Competition
FedEx Discussions
Early Retirement Payout
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Serf" data-source="post: 2676608" data-attributes="member: 50254"><p>Well, he basically said: You make small beans at X. And your employer match is crap. Often your employer will match what you put in your 401k. So it’s “free money” (ask yourself why is this the only example of free money in the entire world?) When you are 59.5 years old you are allowed, like a parent allows a child, to take money out. It’s taxed then but now you’ve benefited from the 5-7% per year that is required by law (kidding). </p><p>Do you think companies really pay you free money? Companies that don’t have an employer 401 match pay higher salaries. Studies based on tax data showed that for every dollar an employer (on average) contributes to a 401k match, they pay 99 cents less in salary.</p></blockquote><p></p>
[QUOTE="Serf, post: 2676608, member: 50254"] Well, he basically said: You make small beans at X. And your employer match is crap. Often your employer will match what you put in your 401k. So it’s “free money” (ask yourself why is this the only example of free money in the entire world?) When you are 59.5 years old you are allowed, like a parent allows a child, to take money out. It’s taxed then but now you’ve benefited from the 5-7% per year that is required by law (kidding). Do you think companies really pay you free money? Companies that don’t have an employer 401 match pay higher salaries. Studies based on tax data showed that for every dollar an employer (on average) contributes to a 401k match, they pay 99 cents less in salary. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
Early Retirement Payout
Top