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The Competition
FedEx Discussions
Tradtional vs Portable
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<blockquote data-quote="vantexan" data-source="post: 2979208" data-attributes="member: 24302"><p>And you bring up an interesting point. When FedEx established the PPP it was very easy to get more than 4% anywhere. FedEx could have put your contributions in bank CD's and made enough to generate your 4 percent and make a nice profit for themselves. Now no one is paying 4% on secure investments. Is FedEx buying junk bonds to pay the interest? Or is the difference between what they make on secure investments like treasuries and what they pay you being covered by them? And if we get into another bad economic crisis will that jeopardize them keeping the PPP? They are under no obligation to keep it, only pay out what's been accrued so far. Day may come when it's just the 401k. So best idea might be to contribute as much as possible to 401k because you never know.</p></blockquote><p></p>
[QUOTE="vantexan, post: 2979208, member: 24302"] And you bring up an interesting point. When FedEx established the PPP it was very easy to get more than 4% anywhere. FedEx could have put your contributions in bank CD's and made enough to generate your 4 percent and make a nice profit for themselves. Now no one is paying 4% on secure investments. Is FedEx buying junk bonds to pay the interest? Or is the difference between what they make on secure investments like treasuries and what they pay you being covered by them? And if we get into another bad economic crisis will that jeopardize them keeping the PPP? They are under no obligation to keep it, only pay out what's been accrued so far. Day may come when it's just the 401k. So best idea might be to contribute as much as possible to 401k because you never know. [/QUOTE]
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