401k match info....

it seems this is 1 area the companies r cutting back.you would be lucky to find a 50% match up to 6%.i would say a typical 1 would be 25% up to 4 to 6%.i think i get 15 cents to the dollar up to about 5%,but its better then nothing.

 

Here's a couple more tidbits to get you depressed:
1. Most companies don't allow 401k participation for 1 year
2. After that year is in they can drag out the time you are 100% vested to 7 years. So a total of 8 years to get every dime the company contributes as a match. Of course you always get your money you contribute just not the matching funds if you quit or withdraw the money.
3. 401k money is taxed like regular income when withdrawn
4. The biggest match I ever got from a trucking company was 4%. Worked a few places and most capped out at less than $2000 a year.

 

9/11 my 401 took a slam because some morons thought flying aircraft into buildings the econmeny was going to fail and everyones 401s took the same hit I opted out of that plan! OH it did but for reasons due to stupidity and not common sence! Show me any reason the stock market should have failed the way some morons let it? I think we can thank the media for a lot of it!

Do a Roth or a CD or sometging you have more control over. Look at what happened to them when this recession/depression hit. More lost money for those in the plans

Even gold is at a stupid high and some idiot in china is going to buy a lot of it? I do not understand that as it just can't get much higher!

401's are just not a good idea as even after the gooberment add a few more rules for the companies that if they didn't pay into the program as they should they would get hit with fines and other things so, whats to stop them from not paying and then pulling an Arrow?

It's looking like those low interest paying savings accounts at the bank are the best investments at the moment!

 

I believe gold was higher in 1980.............

401K are not the best right now, roth may be a better way.........

 

My employer matches 100% of the first 6% then gives 4% profit sharing to a separate retirement acct. The profit sharing gradually increases to a maximum of 6% after 20yrs of service. The 401 is your choice of a Traditional 401k or a Roth 401k. You of course choose the mutual funds for both accounts. I don't believe this is standard for the industry so it will probably benefit you to check around with several different companies to see what they offer.
Hope this helps.

 

Enterprise Transport
http://www.enterprisetransport.com/

 

Thanks...That's why I say it will pay you to check around..There is a few good ones out there.

Best of luck to you