Rep Retirement Lodge 194: What to do now that winter has really started?

[leswp1]

Re: Rep Retirement Lodge 194: What to do now that winter has really started?

I should have asked you first. The doctor at Urgent Care didn't even consider laryngitis. I am home again today with a sore throat and no voice at all. I was considering going into work this afternoon, but my co-workers are adamant that I stay away.

Good Morning, Lodge!

Smart co-workers!

I make my own lunches and use the seal-fresh thingy. Freeze them. Boom.

[Ralph Baer]

Re: Rep Retirement Lodge 194: What to do now that winter has really started?

I got a message from Teddy Wang with a .ru email address, but he didn't say how much money was involved.

I forgot to post that on 2/2 I received a message from Mrs. Christine Largarde of the International Money Fund that I will get $10.7M. Among a lot of other things: "I was appointed to handle your transaction here in America as Mr Donald J Trump has given me the permission." That has to be true.

The total is now $117.02M.

[JF_Gophers]

I forgot to post that on 2/2 I received a message from Mrs. Christine Largarde of the International Money Fund that I will get $10.7M. Among a lot of other things: "I was appointed to handle your transaction here in America as Mr Donald J Trump has given me the permission." That has to be true.

The total is now $117.02M.

IMF (fake version) and Trump (probably the real one). It must be true.

[mookie1995]

Re: Rep Retirement Lodge 194: What to do now that winter has really started?

s'upp y'all

[The Rube]

Re: Rep Retirement Lodge 194: What to do now that winter has really started?

So, looks like our bonuses for 2017 will be the maximum payout. Should be a nice windfall.

Got good numbers for my retirement plan at work for last year. They did change how they do it a year prior, so it's not AS good as before (which was insane), but it's still better than most, if any, 401K plans that other companies have. My company gives a gross percentage of your income to you every year. You contribute nothing. It's some weird grand-fathered in plan, and only a handful of companies in the US still use it.

[dxmnkd316]

Re: Rep Retirement Lodge 194: What to do now that winter has really started?

It’s not a grandfathered plan. That’s called a defined contribution pension. It’s what most companies do now. Contribute whatever you want, we’ll match it up to a certain percentage, and separately we’ll give you x% on top of it all. That last part is the defined contribution.

[The Rube]

Re: Rep Retirement Lodge 194: What to do now that winter has really started?

It’s not a grandfathered plan. That’s called a defined contribution pension. It’s what most companies do now. Contribute whatever you want, we’ll match it up to a certain percentage, and separately we’ll give you x% on top of it all. That last part is the defined contribution.

Employees cannot contribute to our program. Our retirement fund is literally given money by my company.

Edit:

In the past, I think the best year was 22% of gross income.

[bostonewe]

Re: Rep Retirement Lodge 194: What to do now that winter has really started?

It’s not a grandfathered plan. That’s called a defined contribution pension. It’s what most companies do now. Contribute whatever you want, we’ll match it up to a certain percentage.

This is what we have, but our company contribution is ridiculously low (4%). I put 12% away every paycheck (I'd like to do more, but my student loan payments are ridonkulous). It's annoying. My last hospital matched up to 7% and I left with 1 year left before I was 100% vested (I'm 75% vested); I've left my money there because I may some day return there.

[MarkEagleUSA]

Re: Rep Retirement Lodge 194: What to do now that winter has really started?

Good morning to tLodge!

[hockeyplayer1015]

Re: Rep Retirement Lodge 194: What to do now that winter has really started?

We used to have a pension (20 year to be fully vested). Also have a 401k, company matches 3%. They implemented age/years with company to keep pension last year, those under were changed to a 401k % contribution (up to 5% gross per year).

Needless to say, lost my pension in lieu of this not-guaranteed thing. Sure, there's a chance the money dump into the 401k COULD yield more than pension, but I liked the "guaranteed" aspect of the pension.

[Ralph Baer]

Re: Rep Retirement Lodge 194: What to do now that winter has really started?

Good Morning, MEUSA!
Good Morning, HP1015!


Good Morning to the rest of tLodge!

[dxmnkd316]

Re: Rep Retirement Lodge 194: What to do now that winter has really started?

Our company has both traditional and Roth 401(k) options. We get matched up to 4 or 5%. It used to be 1% higher. They also give us 3% on top of it all. We also have an employee stock program where we get 15% off stock.

[Lady wore Black]

Re: Rep Retirement Lodge 194: What to do now that winter has really started?

Morning Ralph and the Lodge!

Day 3 of staying home. Had hubby call my boss as I have a feeling that she does not believe me. Hubby is also going to try to get me a doctor's appointment. The earlier the better.

[Greyeagle]

Our company has both traditional and Roth 401(k) options. We get matched up to 4 or 5%. It used to be 1% higher. They also give us 3% on top of it all. We also have an employee stock program where we get 15% off stock.

I’m old enough to be part of the pension. The 401k & match have been very good, too.
The ESOP is fantastic. Paid for a big chunk of our cabin and a large portion of our kids education from that money.

[dxmnkd316]

Re: Rep Retirement Lodge 194: What to do now that winter has really started?

I’m using the tax cut to buy more and start selling some of my older shares to not oversaturate myself with stock. I’ll probably dump that extra cash into other investments that are more diversified. As soon as the car is paid off, I’m dumping that payment into stock as well.