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chevelle
06-04-2008, 11:47 AM
Everyone knows (hopefully) that it's super important for our generation to start preparing for retirement NOW.

With that said, do you have a retirement account? Does your work provide you with one?

Any tips?
nick
06-04-2008, 12:11 PM
i put a lot of money into my 401k
glidefx
06-04-2008, 12:51 PM
i got the 401k thing going and thinking about opening a ROTH IRA pretty soon.

can't hurt to save some and invest in the stock market now too. need to sign up with e-trade or something...
kritn
06-04-2008, 02:59 PM
I've got a good 401k. My company matches whatever percentage I put in.
sweethert68
06-04-2008, 07:36 PM
I know my boss has one... But I have not been there long enough to be vested... I am sure I will be let in on the specifics when the time comes...

But I am almost positive that nothing is taken out of my check... they just pay into it...

My health insurance is the same way... I do not pay for anything except co-pays.. and presciption costs...
kritn
06-05-2008, 06:55 AM
My health insurance is the same way... I do not pay for anything except co-pays.. and presciption costs...

What the hell kind of health insurance is that? Are you one of those low income single parents? Are you working a government job or something? I've never heard of somebody getting free health insurance.
chevelle
06-05-2008, 03:37 PM
I have profit sharing and my company contributes 5% of my gross annual salary into it. In addition we have a 401k that is employee contribution only.
baNNed
06-05-2008, 05:50 PM
Careful with 401K, you might get that letter saying "You're on track to retirement! When you're 40 you will have over a million dollars!" think about it, twenty years from now you think to live... it will be cheaper? A million dollars might not even mean that much.
chevelle
06-05-2008, 06:13 PM
I passed Calculus and Economics, I'm no math moron.
kritn
06-05-2008, 09:26 PM
My company allows you to cash out your 401k. My hope is that I find a new and better job eventually and I can cash out my 401k and invest it to where it will accrue at a higher percentage. :)
baNNed
06-06-2008, 02:47 AM
My company allows you to cash out your 401k. My hope is that I find a new and better job eventually and I can cash out my 401k and invest it to where it will accrue at a higher percentage. :)

Whats the highest your 401 agent will let you take as a percentage? Highest I can go is 15% with John Handcock. Most of which targets the stock market.
kritn
06-06-2008, 04:17 PM
Whats the highest your 401 agent will let you take as a percentage? Highest I can go is 15% with John Handcock. Most of which targets the stock market.

I deposit 10% of my earnings and they match.