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I've never had less than 1.5x match with any employer. Most of mine were graduated, such as:
2x for first 1% of salary
1.5x for next 1%
1x for next 1%
Stuff like that..
You must have a pretty crappy 401K
3 or 4% match is the standard at most of the big financial companies here in NYC for regular employees. Though some offer 6% match up to a certain point. Of course there are some companies like the big four accounting firms that still have lucrative pension plans for their partners that pay out two or three hundred grand a year in retirement.
Now here's the thing, we will be told by Trump fans -- oh it will never pass don't worry.
But doesn't it concern you it is even on the table? At one point do you stop and think they are just pretending to get things done. Why propose things that won't be passed and blah blah blah.
Trump is very careful in all of this. Health Care, Tax Reform, Debt Ceiling...he will make sure it looks like everyone else isn't playing the game right and that's why things aren't working. Not his fault.
As President, as Leader, his role is to make it work...to make them play the game right. If he can't do that -- he sucks as President. It just is that.
3 or 4% match is the standard at most of the big financial companies here in NYC for regular employees. Though some offer 6% match up to a certain point. Of course there are some companies like the big four accounting firms that still have lucrative pension plans for their partners that pay out two or three hundred grand a year in retirement.
Isn't what you have just 4.5% or is there no cap?
ps. Maybe you thought I meant .75%.
I work at a major bank and get 5%. Another major bank I know pays 6%. That's the max I'm aware of.
Trump’s team and lawmakers making strides on tax reform plan - POLITICO
You should have the One idea quietly being discussed would be taxing the money that workers place into their 401(k) savings plans up front: an idea that would raise billions of dollars in the short-term and is pulled from the Camp plan. This policy idea is widely disliked by budget hawks, who consider it a gimmick; the financial services industry that handles retirement savings; and nonprofits that try to encourage Americans to save.
I really hope his is a non-starter. People need more encouragement to save for their own retirement not less.
We should have the option to choose whether we're taxed when putting it in or takin it out. I wouldn't be in favor of this idea unless it was tied to an overall plan to pay down the debt.
How about putting all gov't employees on 401k with a 3/4% match like the rest of us mere mortals to save some big bucks before taxing us to death.
Why all the hate for government employees? Feel free to go to USAJOBS and apply if you think it's so grand! I know many places are short-handed. Just be sure you can pass a background check, have decent credit, and have the education and experience. Good luck!
Now here's the thing, we will be told by Trump fans -- oh it will never pass don't worry.
But doesn't it concern you it is even on the table? At one point do you stop and think they are just pretending to get things done. Why propose things that won't be passed and blah blah blah.
Trump is very careful in all of this. Health Care, Tax Reform, Debt Ceiling...he will make sure it looks like everyone else isn't playing the game right and that's why things aren't working. Not his fault.
As President, as Leader, his role is to make it work...to make them play the game right. If he can't do that -- he sucks as President. It just is that.
Without the savings from their failed health care reform the only option that they're left with is just shuffling the same 52 card deck. Originally the tax reform as they sold it was supposed to be a tax cut for all. Now that it's clear they can't squeeze any savings out from health care reform it's down to picking winners and losers among the what? 50% of us that actually pay any federal income tax.
I've never had less than 1.5x match with any employer.
Never? I've been at jobs with no matching whatsoever, and then on top of that, I was tagged as a "Highly Compensated Employee", so I wasn't even allowed to max out my contribution.
3 or 4% match is the standard at most of the big financial companies here in NYC for regular employees. Though some offer 6% match up to a certain point. Of course there are some companies like the big four accounting firms that still have lucrative pension plans for their partners that pay out two or three hundred grand a year in retirement.
Isn't what you have just 4.5% or is there no cap?
ps. Maybe you thought I meant .75%.
My employer will match up to 3% of my salary on a graduated scale. You get a higher match for the 1st 1%, then progressively less for the subsequent 2%.
We should have the option to choose whether we're taxed when putting it in or takin it out. I wouldn't be in favor of this idea unless it was tied to an overall plan to pay down the debt.
Most can option for a Roth or standard, so that option does exist in a lot of cases.
Last edited by Threerun; 08-25-2017 at 10:55 AM..
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