401k
04-30-2006, 02:29 PM
#1
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401k
My company just started dollar matching our 401k contributions, so I got in.
My one week return is .95%
That'* about 49% for a year. I know that won't likely happen, but it'* giving me happy thoughts.
My one week return is .95%
That'* about 49% for a year. I know that won't likely happen, but it'* giving me happy thoughts.
04-30-2006, 02:40 PM
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Re: 401k
Originally Posted by J Wikoff
My company just started dollar matching our 401k contributions, so I got in.
My one week return is .95% That'* about 49% for a year. I know that won't likely happen, but it'* giving me happy thoughts.
My one week return is .95%
That'* about 49% for a year. I know that won't likely happen, but it'* giving me happy thoughts.
04-30-2006, 02:43 PM
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Originally Posted by corvettecrazy
for those who have yet to reach the need/availability of a 401k, can someone put that in english?
Originally Posted by google
The 401(k) plan is a type of retirement plan available in the United States. Named after a section of the 1978 Internal Revenue Code, a 401(k) is an employer-sponsored qualified retirement savings plan. It allows you to save for your retirement while deferring any immediate income taxes on the money you save or their respective earnings until withdrawn. ...
en.wikipedia.org/wiki/401k
en.wikipedia.org/wiki/401k
04-30-2006, 03:10 PM
#6
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In its first week, my first contribution gained a little less than 1 percent. My 49% number (less than 1% times 52 weeks) didn't even account for gains from gains. Just the principle amount gains. My gains will have gains, too.
04-30-2006, 04:09 PM
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Originally Posted by J Wikoff
Mine, too. They match up to 4% of my weekly pay, overtime, and bonuses.