forced to put into 401k

[cachmeifucan]

Got a letter in the Mail stating any new full-time employee or a lateral bid full-time employees will be forced to put 3% into 401k and 1% increase that will be capped at 10%. For One Is This Even Legal. 2 it scares me because are they trying to take our pension. They already took .10 from the part time employees to put into full time pension. Management is eliminating pension for non union employees. That was before the yuge tax cut. If ups revenue is 60 billion they tend to save a additional 14% corporate tax rate witch is roughly 9 bill

 

[IVE GOTTA PACKAGE 4U]

Yes it's legal. You can opt out if you wish.

 

[MyTripisCut]

Got a letter in the Mail stating any new full-time employee or a lateral bid full-time employees will be forced to put 3% into 401k and 1% increase that will be capped at 10%. For One Is This Even Legal. 2 it scares me because are they trying to take our pension. They already took .10 from the part time employees to put into full time pension. Management is eliminating pension for non union employees. That was before the yuge tax cut. If ups revenue is 60 billion they tend to save a additional 14% corporate tax rate witch is roughly 9 bill

I’m telling @Big Arrow Down...D !!!!! That is a yuge amount of tax savings. Maybe they will just give some to us?.?.?..?

 

[IVE GOTTA PACKAGE 4U]

IRS Approves Mandatory 401(k) Contributions, if Appropriate Notice is Provided to Plan Participants - FindLaw

 

[cachmeifucan]

The same irs that was Louis lerner attacking conservative orgs I'm sure everything is by the book.

 

[IVE GOTTA PACKAGE 4U]

The same irs that was Louis lerner attacking conservative orgs I'm sure everything is by the book.

What are you talking about? Because Americans are too stupid to save for their future, the government steps in and tries to make you save.

It should be a mandatory class in high school. Real things you need to know in life. How to save, how to balance a checkbook
But I guess history is more important.

 

[cachmeifucan]

That is the best part of being American. Freedom to decide for yourself. So I Can Save My Money OR I Can Take A Gamble IN THE Stock Market. I'd like to decide if I want to save and where and when.

 

[IVE GOTTA PACKAGE 4U]

That is the best part of being American. Freedom to decide for yourself. So I Can Save My Money OR I Can Take A Gamble IN THE Stock Market. I'd like to decide if I want to save and where and when.

Then you can opt out. Just don't cry years later when you have no savings.

 

[MyTripisCut]

That is the best part of being American. Freedom to decide for yourself. So I Can Save My Money OR I Can Take A Gamble IN THE Stock Market. I'd like to decide if I want to save and where and when.

And I’d like to decide if you get bailed out or not in your old age by tax dollars. Have fun being 67 and homeless.

 

[cachmeifucan]

So if I save ten% for ten years then the market crashed how much do I get. The market is a gamble and I don't believe making someone save their money in 401k is legal

 

[cachmeifucan]

I've been saving that's not the point the point is why are they doing this the same year they took pension from management

 

[MyTripisCut]

I've been saving that's not the point the point is why are they doing this the same year they took pension from management

It’s been around for a while already.

 

[Jkloc420]

Got a letter in the Mail stating any new full-time employee or a lateral bid full-time employees will be forced to put 3% into 401k and 1% increase that will be capped at 10%. For One Is This Even Legal. 2 it scares me because are they trying to take our pension. They already took .10 from the part time employees to put into full time pension. Management is eliminating pension for non union employees. That was before the yuge tax cut. If ups revenue is 60 billion they tend to save a additional 14% corporate tax rate witch is roughly 9 bill

yes and you will be glad you have it in the @Future

 

[IVE GOTTA PACKAGE 4U]

I've been saving that's not the point the point is why are they doing this the same year they took pension from management

It has nothing to do with UPS it the law.

 

[cachmeifucan]

So give up your raise for a pension that might get cut. Or don't give up raise and decide how I would like to spend my money it's mine. I have stock and 401k but some people invest in themselves like a business or a college fund for kids and when your kids go to apply for college good luck getting help because uncle Sam will see the money parents have saved and say your not poor enough we give help to someone else

 

[retiredTxfeeder]

In the long run, wise investments in the 401K might be the smartest thing you did while working here.

 

[MyTripisCut]

So give up your raise for a pension that might get cut. Or don't give up raise and decide how I would like to spend my money it's mine. I have stock and 401k but some people invest in themselves like a business or a college fund for kids and when your kids go to apply for college good luck getting help because uncle Sam will see the money parents have saved and say your not poor enough we give help to someone else

What Is a 529 Plan?

 

[cachmeifucan]

One in the hand is better than 2 in the bush. It's not just a saying it means I'd rather my money now so I the person who earned it has the say how they spend it the stock market is a risk some don't want to take .

 

[Jkloc420]

One in the hand is better than 2 in the bush. It's not just a saying it means I'd rather my money now so I the person who earned it has the say how they spend it the stock market is a risk some don't want to take .

you should put more in it, like 25 percent

 

[IVE GOTTA PACKAGE 4U]

One in the hand is better than 2 in the bush. It's not just a saying it means I'd rather my money now so I the person who earned it has the say how they spend it the stock market is a risk some don't want to take .

Put it in the money market or stable value fund if you are afraid of the market.