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Old 04-30-2006, 03:29 PM   #1
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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.
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Old 04-30-2006, 03:40 PM   #2
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Quote:
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.
I'm averaging 18% per year with mine! Not including the dollar match
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Old 04-30-2006, 03:40 PM   #3
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for those who have yet to reach the need/availability of a 401k, can someone put that in english?
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Old 04-30-2006, 03:43 PM   #4
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Quote:
Originally Posted by corvettecrazy
for those who have yet to reach the need/availability of a 401k, can someone put that in english?
I'll start with this... ask away about anything that doesn't make sense

Quote:
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for your retirement while deferring any immediate income taxes on the money you save or their respective earnings until withdrawn.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
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Old 04-30-2006, 04:07 PM   #5
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OK, SO I understand the concept, what are the %* that you guys posted?
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Old 04-30-2006, 04:10 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.
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Old 04-30-2006, 04:57 PM   #7
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Well company matching is great news. many companys are not matching anymore..
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Old 04-30-2006, 05:03 PM   #8
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I do 4% they match 4%
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Old 04-30-2006, 05:05 PM   #9
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Mine, too. They match up to 4% of my weekly pay, overtime, and bonuses.
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Old 04-30-2006, 05:09 PM   #10
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Quote:
Originally Posted by J Wikoff
Mine, too. They match up to 4% of my weekly pay, overtime, and bonuses.
yup same here
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