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TwixVoy (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 07:17 PM Original message |
No more 401K matches anymore? - Article |
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DJ13 (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 07:23 PM Response to Original message |
1. Reads like advance PR to forgive corporations that eliminate matching contributions |
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avaistheone1 (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 07:26 PM Response to Original message |
2. What are they doing about those disgustingly huge CEO packages, golden parachutes and retirement. |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 08:38 PM Response to Reply #2 |
8. I think you might be talking about Lee Raymond and it was $400 million. n/t |
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PA Democrat (1000+ posts) Send PM | Profile | Ignore | Fri Aug-15-08 08:17 AM Response to Reply #2 |
30. And those CEOs get those packages even if they have destroyed the company. |
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Donnachaidh (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 07:26 PM Response to Original message |
3. So what is even the point of joining a retirement fund run by the company? |
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TwixVoy (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 07:29 PM Response to Reply #3 |
4. Exactly |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 08:22 PM Response to Reply #3 |
7. When you contribute to a 401(K), you are not giving the company "use of your money" |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 08:43 PM Response to Reply #7 |
9. Don't know where you work, but the quick survey of the people around me indicates |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 09:36 PM Response to Reply #9 |
10. I would be VERY surprised if those were your only investment choices. |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 10:47 PM Response to Reply #10 |
18. True in the same sense that, since we do get a choice between the two |
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Common Sense Party (1000+ posts) Send PM | Profile | Ignore | Fri Aug-15-08 02:41 AM Response to Reply #9 |
23. Don't know where you work, but what you're describing isn't |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 09:43 PM Response to Reply #7 |
12. If they're invested in the company's stock - yes, you are, in a sense. |
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A HERETIC I AM (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 10:14 PM Response to Reply #12 |
14. In a sense? |
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Common Sense Party (1000+ posts) Send PM | Profile | Ignore | Fri Aug-15-08 02:38 AM Response to Reply #14 |
22. ERISA law precludes and prohibits the company from holding |
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dsc (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 07:31 PM Response to Original message |
5. I love their example |
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MercutioATC (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 10:07 PM Response to Reply #5 |
13. Those jobs are out there. |
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lumberjack_jeff (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 07:31 PM Response to Original message |
6. They used to have "top heavy" rules to encourage employer matches. |
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marmar (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 09:40 PM Response to Original message |
11. We dumped your pensions and offered you up this Ponzi scheme for retirement...... |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 10:30 PM Response to Reply #11 |
15. Here's one that will blow your mind, our employer offered to |
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Common Sense Party (1000+ posts) Send PM | Profile | Ignore | Fri Aug-15-08 02:50 AM Response to Reply #15 |
24. Exactly. I've seen that happen in a number of companies. |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Fri Aug-15-08 12:29 PM Response to Reply #24 |
32. You're right on, the Union was pushing for a new |
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Common Sense Party (1000+ posts) Send PM | Profile | Ignore | Fri Aug-15-08 02:50 AM Response to Reply #15 |
25. Delete. Dupe. |
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dems_rightnow (1000+ posts) Send PM | Profile | Ignore | Fri Aug-15-08 06:27 AM Response to Reply #15 |
28. Our Company had... |
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noamnety (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 10:34 PM Response to Original message |
16. Actually, this part does sound more equitable |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 10:44 PM Response to Reply #16 |
17. From what I understand any funds your employer deposits in |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 10:57 PM Response to Reply #17 |
20. No they can take the match only if you aren't within the vesting period |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 11:02 PM Response to Reply #20 |
21. Ok I'll take your word for it. I knew that they could take |
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Common Sense Party (1000+ posts) Send PM | Profile | Ignore | Fri Aug-15-08 02:54 AM Response to Reply #20 |
26. Vesting periods vary quite a bit. |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Fri Aug-15-08 12:54 PM Response to Reply #16 |
34. The inverted pyramid model is more equitable. |
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noamnety (1000+ posts) Send PM | Profile | Ignore | Fri Aug-15-08 04:42 PM Response to Reply #34 |
35. That would be even better. |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Thu Aug-14-08 10:56 PM Response to Original message |
19. Ok I'm kind of a mini expert in this because I worked for a company that manages these for 5 years |
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Common Sense Party (1000+ posts) Send PM | Profile | Ignore | Fri Aug-15-08 03:02 AM Response to Reply #19 |
27. I mostly agree, just a couple of quibbles: |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Fri Aug-15-08 08:10 AM Response to Reply #27 |
29. Agree Best Bet is to talk to a Financial Advisor |
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MiniMe (1000+ posts) Send PM | Profile | Ignore | Fri Aug-15-08 08:50 AM Response to Original message |
31. Its times like these that makes it nice to work for a non-profit |
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DU GrovelBot (1000+ posts) Send PM | Profile | Ignore | Fri Aug-15-08 12:29 PM Response to Original message |
33. ## PLEASE DONATE TO DEMOCRATIC UNDERGROUND! ## |
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Ex Lurker (1000+ posts) Send PM | Profile | Ignore | Fri Aug-15-08 05:05 PM Response to Original message |
36. it's possible it would |
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romulusnr (186 posts) Send PM | Profile | Ignore | Fri Aug-15-08 05:28 PM Response to Original message |
37. they're wrong |
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DU AdBot (1000+ posts) | Tue Apr 30th 2024, 07:48 PM Response to Original message |
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