upschuck
Well-Known Member
The highest fee holding? How do they picked which one?
PRU 401K Deduction?...
- Thread starter The Chosen 1
- Start date
I would assume by age. I'm sure their is very specific rules so that the employer is not held liable.
Babagounj
Strength through joy
Get out of that fund .
Be daring and invest in an all stock fund .
And wait.... time is your best friend .
UpstateNYUPSer(Ret)
Well-Known Member
I wonder how many newbies who were forced in opt out (only to end up regretting doing so).
The most important thing is to get started and educate yourself.
I've gotten many drivers to invest in the 401k and I also remind them at raise time, to raise it up.
It's like pulling teeth.
That's our job as a senior driver
I also start both of us on the clock ten minutes early when I'm mentoring, more money for both of us! I joke with them by telling them its beer money. Investing and knowing your rights isn't part of the 15-point company mentoring program, but I add a lot of important info to it!
If you don't tell them nobody else will. For how big this company is and all the technology we have. Nobody is ever told anything.
DriveInDriѵeOut
Inordinately Right
I opted out first time I saw it deducted. They shouldn't be allowed to automatically enroll people without their knowledge.
DriveInDriѵeOut
Inordinately Right
Some BS if you ask me.
Never hurts to save. How many people throw away free money by not saving and missing the employer match.
What they need to do is make finance a mandatory class in school.
I agree that new employees should be aware of this. I hope that it is mentioned during new employee orientation. I imagine newbies are so bombarded with new information that they aren't paying attention that well. With the poor shape that pension funds and Social Security is in, I see it as a good thing.
DriveInDriѵeOut
Inordinately Right
The automatic enrollment started after I was hired.
When I went from PT to FT they enrolled me without my knowledge.
I already had a retirement strategy, somewhat at least.
I might have considered using this option at some point but the automatic enrollment seemed really back handed and soured me on it altogether.
If you're refusing to contribute to the 401k because you're mad about the automatic enrollment you're kinda cutting off your nose to spite your face.
DriveInDriѵeOut
Inordinately Right
There are other options.
Key word is option, not automatically take my money without asking.
That may be, but making investment decisions based on emotion is never a good strategy.
DriveInDriѵeOut
Inordinately Right
Ok
Are you in the plan now?
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