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I signed up for 401K years ago at one of my jobs because I was making more money and didn't miss it at all. But now with them not offering higher salaries there is no way I want my check to be ever lower after taxes than it already is which is why I declined. I would need a huge raise to even consider something like this because there is already too much coming out of the check as it is now.
Now my salary has increased closed to $3000 more a year due to COLA raises since 2014 but I just feel it's not enough at this time. And I thought 401K was something optional that was beneficial so why is my employer being so aggressive in getting people to sign up?
You really need to contribute up to the employer's match.
That said look for a better paying job then roll over your 401k to your new employer's 401k.
Don't plan to go anywhere until 2018 or 19 since the job is stable. That's because I was laid off 5 times between 2006 and 2013 and wanted my next job to be 5 years or more. I will complete 3 years this December.
If your employer will match your contribution, you'd be crazy not to do it.
I need a $5000 increase a year to do it even with the matching. Years ago I had so much money left over because I was making so much more. Now I am making less and have carefully manage my money.
I need a $5000 increase a year to do it even with the matching. Years ago I had so much money left over because I was making so much more. Now I am making less and have carefully manage my money.
Okay, so don't find a way to do it and suffer the consequences. Dial 1-800-Wah-Wah.
Or do something about it. Find a new job, cut your expenses so you can contribute to the 401K. What do you expect here? Me to say, wow, it sucks to be you. Okay, it sucks to be you.
Okay, so don't find a way to do it and suffer the consequences. Dial 1-800-Wah-Wah.
Or do something about it. Find a new job, cut your expenses so you can contribute to the 401K. What do you expect here? Me to say, wow, it sucks to be you. Okay, it sucks to be you.
Now what?
Just seeing if anyone has a job where their employer offers low salaries but want to make your check even lower
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