Current Events > Are 401ks a waste of time?

Topic List	Page List: 1
Vermander 08/26/17 11:54:51 PM #1:	I pay $50 per check out of 2000. Am i ever actually gonna see this money? --- 3DS FC: 4312 - 9992 - 0441 <cite>Vermander posted [p:885515003] in Are 401ks ... [t:75712371]...</cite> <quote>I pay $50 per check out of 2000. Am i ever actually gonna see this money?</quote> ... Copied to Clipboard!
#2	Post #2 was unavailable or deleted.
therin_lews_kin 08/26/17 11:56:16 PM #3:	getting old is a waste of time, imo --- http://i.imgtc.com/j3yEe8G.gif <cite>therin_lews_kin posted [p:885515078] in Are 401ks ... [t:75712371]...</cite> <quote>getting old is a waste of time, imo</quote> ... Copied to Clipboard!
littlebro07 08/26/17 11:57:10 PM #4:	Yeah totally Have fun being 76 and working 40 hours a week to afford your studio apartment --- http://i211.photobucket.com/albums/bb289/volcaitlin/gifs/dancning.gif <cite>littlebro07 posted [p:885515113] in Are 401ks ... [t:75712371]...</cite> <quote>Yeah totally Have fun being 76 and working 40 hours a week to afford your studio apartment</quote> ... Copied to Clipboard!
MegaTech 08/26/17 11:57:27 PM #5:	Saving money is for idiots --- "I'm low-key, like a locksmith workin' on both knees." https://i.imgur.com/c8xCRi7.png - CoolbeansAvi <cite>MegaTech posted [p:885515125] in Are 401ks ... [t:75712371]...</cite> <quote>Saving money is for idiots</quote> ... Copied to Clipboard!
LordBalor4 08/26/17 11:58:55 PM #6:	Vermander posted... I pay $50 per check out of 2000. lol Might as well just throw some change in a jar. $50 per paycheck will get you nowhere. <cite>LordBalor4 posted [p:885515168] in Are 401ks ... [t:75712371]...</cite> <quote><cite>Vermander posted...</cite> <quote>I pay $50 per check out of 2000.</quote> lol Might as well just throw some change in a jar. $50 per paycheck will get you nowhere.</quote> ... Copied to Clipboard!
Vermander 08/27/17 12:06:42 AM #7:	littlebro07 posted... Yeah totally Have fun being 76 and working 40 hours a week to afford your studio apartment At my job we don't choose this amount, its an automatic 6% minimum. But obviously I'm not gonna retire on that rate and the idea is down the road I'll make more. --- 3DS FC: 4312 - 9992 - 0441 <cite>Vermander posted [p:885515518] in Are 401ks ... [t:75712371]...</cite> <quote><cite>littlebro07 posted...</cite> <quote>Yeah totally Have fun being 76 and working 40 hours a week to afford your studio apartment</quote> At my job we don't choose this amount, its an automatic 6% minimum. But obviously I'm not gonna retire on that rate and the idea is down the road I'll make more.</quote> ... Copied to Clipboard!
NES4EVER 08/27/17 12:10:05 AM #8:	Vermander posted... littlebro07 posted... Yeah totally Have fun being 76 and working 40 hours a week to afford your studio apartment At my job we don't choose this amount, its an automatic 6% minimum. But obviously I'm not gonna retire on that rate and the idea is down the road I'll make more. But 6% of 2000 is $120... --- *nu-horsemen 4evar* [A GameFAQs Moderator was deleted by this message] <cite>NES4EVER posted [p:885515672] in Are 401ks ... [t:75712371]...</cite> <quote><cite>Vermander posted...</cite> <quote><cite>littlebro07 posted...</cite> <quote>Yeah totally Have fun being 76 and working 40 hours a week to afford your studio apartment</quote> At my job we don't choose this amount, its an automatic 6% minimum. But obviously I'm not gonna retire on that rate and the idea is down the road I'll make more.</quote> But 6% of 2000 is $120...</quote> ... Copied to Clipboard!
littlebro07 08/27/17 12:11:03 AM #9:	LordBalor4 posted... Vermander posted... I pay $50 per check out of 2000. lol Might as well just throw some change in a jar. $50 per paycheck will get you nowhere. Eh Depends on how young he is really --- http://i211.photobucket.com/albums/bb289/volcaitlin/gifs/dancning.gif <cite>littlebro07 posted [p:885515709] in Are 401ks ... [t:75712371]...</cite> <quote><cite>LordBalor4 posted...</cite> <quote><cite>Vermander posted...</cite> <quote>I pay $50 per check out of 2000.</quote> lol Might as well just throw some change in a jar. $50 per paycheck will get you nowhere.</quote> Eh Depends on how young he is really</quote> ... Copied to Clipboard!
Vermander 08/27/17 12:11:39 AM #10:	NES4EVER posted... Vermander posted... littlebro07 posted... Yeah totally Have fun being 76 and working 40 hours a week to afford your studio apartment At my job we don't choose this amount, its an automatic 6% minimum. But obviously I'm not gonna retire on that rate and the idea is down the road I'll make more. But 6% of 2000 is $120... Its about $53 per check, each check being between 1000-1100 typically. (800 which I see) so that translates to 106. --- 3DS FC: 4312 - 9992 - 0441 <cite>Vermander posted [p:885515741] in Are 401ks ... [t:75712371]...</cite> <quote><cite>NES4EVER posted...</cite> <quote><cite>Vermander posted...</cite> <quote><cite>littlebro07 posted...</cite> <quote>Yeah totally Have fun being 76 and working 40 hours a week to afford your studio apartment</quote> At my job we don't choose this amount, its an automatic 6% minimum. But obviously I'm not gonna retire on that rate and the idea is down the road I'll make more.</quote> But 6% of 2000 is $120...</quote> Its about $53 per check, each check being between 1000-1100 typically. (800 which I see) so that translates to 106.</quote> ... Copied to Clipboard!
Vermander 08/27/17 12:11:57 AM #11:	littlebro07 posted... LordBalor4 posted... Vermander posted... I pay $50 per check out of 2000. lol Might as well just throw some change in a jar. $50 per paycheck will get you nowhere. Eh Depends on how young he is really 25, and I am going to make more eventually, I am getting some experience and enjoying my cushy job until we merge with this other company. --- 3DS FC: 4312 - 9992 - 0441 <cite>Vermander posted [p:885515762] in Are 401ks ... [t:75712371]...</cite> <quote><cite>littlebro07 posted...</cite> <quote><cite>LordBalor4 posted...</cite> <quote><cite>Vermander posted...</cite> <quote>I pay $50 per check out of 2000.</quote> lol Might as well just throw some change in a jar. $50 per paycheck will get you nowhere.</quote> Eh Depends on how young he is really</quote> 25, and I am going to make more eventually, I am getting some experience and enjoying my cushy job until we merge with this other company.</quote> ... Copied to Clipboard!
LordBalor4 08/27/17 12:14:40 AM #12:	littlebro07 posted... LordBalor4 posted... Vermander posted... I pay $50 per check out of 2000. lol Might as well just throw some change in a jar. $50 per paycheck will get you nowhere. Eh Depends on how young he is really No. You will never be able to retire on $50 a month. Doesn't matter how young you are or what the rate of return is. <cite>LordBalor4 posted [p:885515872] in Are 401ks ... [t:75712371]...</cite> <quote><cite>littlebro07 posted...</cite> <quote><cite>LordBalor4 posted...</cite> <quote><cite>Vermander posted...</cite> <quote>I pay $50 per check out of 2000.</quote> lol Might as well just throw some change in a jar. $50 per paycheck will get you nowhere.</quote> Eh Depends on how young he is really</quote> No. You will never be able to retire on $50 a month. Doesn't matter how young you are or what the rate of return is.</quote> ... Copied to Clipboard!
Vermander 08/27/17 12:20:23 AM #13:	LordBalor4 posted... littlebro07 posted... LordBalor4 posted... Vermander posted... I pay $50 per check out of 2000. lol Might as well just throw some change in a jar. $50 per paycheck will get you nowhere. Eh Depends on how young he is really No. You will never be able to retire on $50 a month. Doesn't matter how young you are or what the rate of return is. I'm not going to retire at $13 an hour either. --- 3DS FC: 4312 - 9992 - 0441 <cite>Vermander posted [p:885516105] in Are 401ks ... [t:75712371]...</cite> <quote><cite>LordBalor4 posted...</cite> <quote><cite>littlebro07 posted...</cite> <quote><cite>LordBalor4 posted...</cite> <quote><cite>Vermander posted...</cite> <quote>I pay $50 per check out of 2000.</quote> lol Might as well just throw some change in a jar. $50 per paycheck will get you nowhere.</quote> Eh Depends on how young he is really</quote> No. You will never be able to retire on $50 a month. Doesn't matter how young you are or what the rate of return is.</quote> I'm not going to retire at $13 an hour either.</quote> ... Copied to Clipboard!
LordBalor4 08/27/17 12:20:46 AM #14:	Vermander posted... LordBalor4 posted... littlebro07 posted... LordBalor4 posted... Vermander posted... I pay $50 per check out of 2000. lol Might as well just throw some change in a jar. $50 per paycheck will get you nowhere. Eh Depends on how young he is really No. You will never be able to retire on $50 a month. Doesn't matter how young you are or what the rate of return is. I'm not going to retire at $13 an hour either. You hope. <cite>LordBalor4 posted [p:885516119] in Are 401ks ... [t:75712371]...</cite> <quote><cite>Vermander posted...</cite> <quote><cite>LordBalor4 posted...</cite> <quote><cite>littlebro07 posted...</cite> <quote><cite>LordBalor4 posted...</cite> <quote><cite>Vermander posted...</cite> <quote>I pay $50 per check out of 2000.</quote> lol Might as well just throw some change in a jar. $50 per paycheck will get you nowhere.</quote> Eh Depends on how young he is really</quote> No. You will never be able to retire on $50 a month. Doesn't matter how young you are or what the rate of return is.</quote> I'm not going to retire at $13 an hour either.</quote> You hope.</quote> ... Copied to Clipboard!
fan357 08/27/17 12:22:08 AM #15:	My work matches up to 6.4 percent. I put in 10 percent. --- Never forget where you came from. <cite>fan357 posted [p:885516164] in Are 401ks ... [t:75712371]...</cite> <quote>My work matches up to 6.4 percent. I put in 10 percent.</quote> ... Copied to Clipboard!
xMythic 08/27/17 12:22:15 AM #16:	Does your employer match a certain % of your contribution? My employer matches up to 5%. --- GT: xMythic Go Gators! <cite>xMythic posted [p:885516170] in Are 401ks ... [t:75712371]...</cite> <quote>Does your employer match a certain % of your contribution? My employer matches up to 5%.</quote> ... Copied to Clipboard!
Vermander 08/27/17 12:23:06 AM #17:	LordBalor4 posted... Vermander posted... LordBalor4 posted... littlebro07 posted... LordBalor4 posted... Vermander posted... I pay $50 per check out of 2000. lol Might as well just throw some change in a jar. $50 per paycheck will get you nowhere. Eh Depends on how young he is really No. You will never be able to retire on $50 a month. Doesn't matter how young you are or what the rate of return is. I'm not going to retire at $13 an hour either. You hope. I have an associates in Networking, and just recently got Comptia certified. I'm worth more than that now, I am riding the work experience to beef until my resume until I either finding something better, or get promoted during the merge. --- 3DS FC: 4312 - 9992 - 0441 <cite>Vermander posted [p:885516205] in Are 401ks ... [t:75712371]...</cite> <quote><cite>LordBalor4 posted...</cite> <quote><cite>Vermander posted...</cite> <quote><cite>LordBalor4 posted...</cite> <quote><cite>littlebro07 posted...</cite> <quote><cite>LordBalor4 posted...</cite> <quote><cite>Vermander posted...</cite> <quote>I pay $50 per check out of 2000.</quote> lol Might as well just throw some change in a jar. $50 per paycheck will get you nowhere.</quote> Eh Depends on how young he is really</quote> No. You will never be able to retire on $50 a month. Doesn't matter how young you are or what the rate of return is.</quote> I'm not going to retire at $13 an hour either.</quote> You hope.</quote> I have an associates in Networking, and just recently got Comptia certified. I'm worth more than that now, I am riding the work experience to beef until my resume until I either finding something better, or get promoted during the merge.</quote> ... Copied to Clipboard!
Vermander 08/27/17 12:24:36 AM #19:	xMythic posted... Does your employer match a certain % of your contribution? My employer matches up to 5%. They match what I put in. So if I a putting 106 a month, I am getting $212 per month, which is 2544 per year, and 25k in 10 years. --- 3DS FC: 4312 - 9992 - 0441 <cite>Vermander posted [p:885516277] in Are 401ks ... [t:75712371]...</cite> <quote><cite>xMythic posted...</cite> <quote>Does your employer match a certain % of your contribution? My employer matches up to 5%.</quote> They match what I put in. So if I a putting 106 a month, I am getting $212 per month, which is 2544 per year, and 25k in 10 years.</quote> ... Copied to Clipboard!
Vermander 08/27/17 12:25:40 AM #20:	LordBalor4 posted... If you want to retire in style, max it. I have been maxing at ~$18K/yr since I was 23. 18k a year is like 9k less than my entire salary. I get these numbers are a joke to you, but you need to consider my economic placement. --- 3DS FC: 4312 - 9992 - 0441 <cite>Vermander posted [p:885516312] in Are 401ks ... [t:75712371]...</cite> <quote><cite>LordBalor4 posted...</cite> <quote>If you want to retire in style, max it. I have been maxing at ~$18K/yr since I was 23.</quote> 18k a year is like 9k less than my entire salary. I get these numbers are a joke to you, but you need to consider my economic placement.</quote> ... Copied to Clipboard!
LordBalor4 08/27/17 12:26:21 AM #21:	Vermander posted... LordBalor4 posted... If you want to retire in style, max it. I have been maxing at ~$18K/yr since I was 23. 18k a year is like 9k less than my entire salary. I get these numbers are a joke to you, but you need to consider my economic placement. yeeeeah, realized that came across as super douchey <cite>LordBalor4 posted [p:885516346] in Are 401ks ... [t:75712371]...</cite> <quote><cite>Vermander posted...</cite> <quote><cite>LordBalor4 posted...</cite> <quote>If you want to retire in style, max it. I have been maxing at ~$18K/yr since I was 23.</quote> 18k a year is like 9k less than my entire salary. I get these numbers are a joke to you, but you need to consider my economic placement.</quote> yeeeeah, realized that came across as super douchey</quote> ... Copied to Clipboard!
1337toothbrush 08/27/17 12:34:14 AM #22:	Maximize the match at the very least. --- :D https://imgur.com/a/FU9H8 <cite>1337toothbrush posted [p:885516662] in Are 401ks ... [t:75712371]...</cite> <quote>Maximize the match at the very least.</quote> ... Copied to Clipboard!
Vermander 08/27/17 12:35:37 AM #23:	1337toothbrush posted... Maximize the match at the very least. I can't barely afford this. I'm already living paycheck to paycheck practically lol. --- 3DS FC: 4312 - 9992 - 0441 <cite>Vermander posted [p:885516736] in Are 401ks ... [t:75712371]...</cite> <quote><cite>1337toothbrush posted...</cite> <quote>Maximize the match at the very least.</quote> I can't barely afford this. I'm already living paycheck to paycheck practically lol.</quote> ... Copied to Clipboard!
Winnsock 08/27/17 12:38:24 AM #24:	Vermander posted... xMythic posted... Does your employer match a certain % of your contribution? My employer matches up to 5%. They match what I put in. So if I a putting 106 a month, I am getting $212 per month, which is 2544 per year, and 25k in 10 years. You do realize that these contribututions are supposed to be invested into mutual funds, right? You're not just setting aside cash for the future. --- GT: Winnsock <cite>Winnsock posted [p:885516871] in Are 401ks ... [t:75712371]...</cite> <quote><cite>Vermander posted...</cite> <quote><cite>xMythic posted...</cite> <quote>Does your employer match a certain % of your contribution? My employer matches up to 5%.</quote> They match what I put in. So if I a putting 106 a month, I am getting $212 per month, which is 2544 per year, and 25k in 10 years.</quote> You do realize that these contribututions are supposed to be invested into mutual funds, right? You're not just setting aside cash for the future.</quote> ... Copied to Clipboard!
TheGoldenState 08/27/17 12:40:55 AM #25:	I pay 1k out of 4.5k and no I dont think its a waste --- Frank Gore HOF <cite>TheGoldenState posted [p:885516989] in Are 401ks ... [t:75712371]...</cite> <quote>I pay 1k out of 4.5k and no I dont think its a waste</quote> ... Copied to Clipboard!
Vermander 08/27/17 1:21:51 AM #26:	Winnsock posted... Vermander posted... xMythic posted... Does your employer match a certain % of your contribution? My employer matches up to 5%. They match what I put in. So if I a putting 106 a month, I am getting $212 per month, which is 2544 per year, and 25k in 10 years. You do realize that these contribututions are supposed to be invested into mutual funds, right? You're not just setting aside cash for the future. What do you mean? --- 3DS FC: 4312 - 9992 - 0441 <cite>Vermander posted [p:885519177] in Are 401ks ... [t:75712371]...</cite> <quote><cite>Winnsock posted...</cite> <quote><cite>Vermander posted...</cite> <quote><cite>xMythic posted...</cite> <quote>Does your employer match a certain % of your contribution? My employer matches up to 5%.</quote> They match what I put in. So if I a putting 106 a month, I am getting $212 per month, which is 2544 per year, and 25k in 10 years.</quote> You do realize that these contribututions are supposed to be invested into mutual funds, right? You're not just setting aside cash for the future.</quote> What do you mean?</quote> ... Copied to Clipboard!
chill02 08/27/17 1:40:26 AM #27:	is this a joke topic --- Ave, true to Caesar. <cite>chill02 posted [p:885519990] in Are 401ks ... [t:75712371]...</cite> <quote>is this a joke topic</quote> ... Copied to Clipboard!
Isiah Zombie 08/27/17 1:47:32 AM #28:	no --- 3DS FC: 3196 - 5183 - 1357 <cite>Isiah Zombie posted [p:885520224] in Are 401ks ... [t:75712371]...</cite> <quote>no</quote> ... Copied to Clipboard!
littlebro07 08/27/17 11:05:08 AM #29:	Vermander posted... What do you mean? A 401k is an investment account. I started about 3 years ago, also putting $50 in each check. 26 checks a year. So that's 78 checks bringing me to $3900. My company matches that contribution, bringing it up to $7800. Since that's all invested, I don't just have $7800 in my account. Last I checked it was about $10500. It goes up and down with the stock market. --- http://i211.photobucket.com/albums/bb289/volcaitlin/gifs/dancning.gif <cite>littlebro07 posted [p:885533090] in Are 401ks ... [t:75712371]...</cite> <quote><cite>Vermander posted...</cite> <quote> What do you mean?</quote> A 401k is an investment account. I started about 3 years ago, also putting $50 in each check. 26 checks a year. So that's 78 checks bringing me to $3900. My company matches that contribution, bringing it up to $7800. Since that's all invested, I don't just have $7800 in my account. Last I checked it was about $10500. It goes up and down with the stock market.</quote> ... Copied to Clipboard!
#30	Post #30 was unavailable or deleted.
treewojima 08/27/17 11:22:06 AM #31:	maximize the match and our the rest into a Roth IRA <cite>treewojima posted [p:885533724] in Are 401ks ... [t:75712371]...</cite> <quote>maximize the match and our the rest into a Roth IRA</quote> ... Copied to Clipboard!
PonyLivesMatter 08/27/17 11:22:17 AM #32:	GregShmedley posted... Is this...is this a serious question? Millenials Day I guess, LOL <cite>PonyLivesMatter posted [p:885533732] in Are 401ks ... [t:75712371]...</cite> <quote><cite>GregShmedley posted...</cite> <quote>Is this...is this a serious question?</quote> Millenials Day I guess, LOL</quote> ... Copied to Clipboard!
kloud 11 08/27/17 11:22:17 AM #33:	What's the point of going above match? Why not invest that some other way? --- :) <cite>kloud 11 posted [p:885533733] in Are 401ks ... [t:75712371]...</cite> <quote>What's the point of going above match? Why not invest that some other way?</quote> ... Copied to Clipboard!
fan357 08/27/17 11:28:57 AM #34:	treewojima posted... maximize the match and our the rest into a Roth IRA But if you aren't hitting the 18500 yearly max for the 401k why would you put money into a Roth? --- Never forget where you came from. <cite>fan357 posted [p:885533949] in Are 401ks ... [t:75712371]...</cite> <quote><cite>treewojima posted...</cite> <quote>maximize the match and our the rest into a Roth IRA</quote> But if you aren't hitting the 18500 yearly max for the 401k why would you put money into a Roth?</quote> ... Copied to Clipboard!
Dark_Spiret 08/27/17 2:33:14 PM #35:	atleast get the match even if it means you have to cut back on stuff. your throwing a lot of money away by not doing so. --- Currently playing: Forza Horizon 3 - Dead Rising - Hitman <cite>Dark_Spiret posted [p:885542654] in Are 401ks ... [t:75712371]...</cite> <quote>atleast get the match even if it means you have to cut back on stuff. your throwing a lot of money away by not doing so.</quote> ... Copied to Clipboard!
1337toothbrush 08/27/17 7:48:38 PM #36:	kloud 11 posted... What's the point of going above match? Why not invest that some other way? You contribute pre-tax, so you reduce your tax burden at the present but pay taxes when you withdraw. The idea is that you're likely to have lower income when you retire so you save on taxes overall. --- :D https://imgur.com/a/FU9H8 <cite>1337toothbrush posted [p:885558277] in Are 401ks ... [t:75712371]...</cite> <quote><cite>kloud 11 posted...</cite> <quote>What's the point of going above match? Why not invest that some other way?</quote> You contribute pre-tax, so you reduce your tax burden at the present but pay taxes when you withdraw. The idea is that you're likely to have lower income when you retire so you save on taxes overall.</quote> ... Copied to Clipboard!
Topic List	Page List: 1

Current Events > Are 401ks a waste of time? (+) Yeah! (+)

Current Events > Are 401ks a waste of time?