Most people need less money per month when retired. This puts them in a lower tax bracket. Sounds like an advantage to me.

PS My employer is matching 6%, My previous job did a max of 15% with nothing contributed by the employee. Supersick stuff.

 

My previous employer did 15% max contribution and matched it...I wish I had that here

I forget what I currently have, I believe it may be 5% or something they match. Really helps when you work for a very large company like what I used to...guess they can afford to actually provide insentives to stay unlike my current place. Needless to say I won't be staying here for much longer

 

Hot.

It's weird that we're talking about this now, I got a letter regarding my 401k contributions last night so I called the broker. I ended up talking to their stock plan people (that handle the employee stock purchase program we have) and got a couple of options on how to take all of the stock I have currently and diversify it to make it more secure, and hopefully grow well.

I'm looking at an option similar to the FFFFX thing that Phister is talking about, but they also have a portfolio option for me that is managed by me. Not sure which I will take yet.

 

good morning, off to tracy again.

 

My employer does matching of like $750 per year. Big whoop.

But, also once a year they dump excess profits into my 401k. Last year it was like ~5% of my salary, but I've heard in good years its up to 10%~15%.

Also, I need to start a Roth IRA account. I've been meaning to for ages, but I think I'm going to have to let things settle down here with the new mortgage and all.

 

Ack bring back the IT talk

 

When I retire I want to do more than not starve or get evicted from the home. Extra money for travel would be nice. Besides, for the next 5 years or so I'll easily be sub-$50k so it's not like I'm getting a significant tax break on a $4k deduction, asuming I socked that much away anyway. I want to be able to watch my balances over the years and know that's *exactly* how much money I really have.

 

also, ew investment talk. Pretty soon I'm going to start talking about lilacs and irises unless you guys stop.

 

Money talk is way better than IT talk. Gettin rich, not lookin rich, ftw.

 

Yeah, totally.

I'm just trying to do my best RussB impression.

 

lolz, now I get the lilacs and irises thing

 

Same here. I've been meaning to do a Roth IRA for a while, but have been lazy and just now starting to take intiative. My previous employer had profit sharing which was really nice each quarter when we'd get a cut of sales for that quarter and since we were a good store we got a good chunk

 

Hatteroo. I believe that you have what, 5 days left to invest the $4k. You will have to call the brokerage house that manages your fund. Basically you don't have to wait until 2008 to invest the $5k. Unless you already invested for 2007, then none of that matters.

 

ugh, I have to start my expense report from my trip to SF last week :\

 

Nice motor