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Kajikit

401(k)s

By Kajikit in General Polls

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401(k)s  

82 members have voted

  1. 1. Do you have a 401(k) plan?

    • Yes of course, it's very healthy
      41
    • Yes, I recently started one
      18
    • No, but it's in my long-term plans to get one if possible.
      8
    • No, my employer doesn't offer one
      4
    • No, I'm too young to think about retirement funds! Ask me in a decade!
      1
    • No, I can't afford it
      1
    • No, I don't want one
      0
    • I had one but I cashed it in
      3
    • Other
      6

51 posts in this topic

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Kajikit Proficient

Kajikit   65

Posted
Filed: Citizen (apr) Country: Australia
 Timeline
Posted

DH's employer offers an optional 401(k) plan and he's thinking of starting it next year... he's never had one before and I have the vaguest of vague ideas of how they work.

Karen - Melbourne, Australia/John - Florida, USA

- Proposal (20 August 2000) to marriage (19 December 2004) - 4 years, 3 months, 25 days (1,578 days)

STAGE 1 - Applying for K1 (15 September 2003) to K1 Approval (13 July 2004) - 9 months, 29 days (303 days)

STAGE 2A - Arriving in US (4 Nov 2004) to AOS Application (16 April 2005) - 5 months, 13 days (164 days)

STAGE 2B - Applying for AOS to GC Approval - 9 months, 4 days (279 days)

STAGE 3 - Lifting Conditions. Filing (19 Dec 2007) to Approval (December 11 2008)

STAGE 4 - CITIZENSHIP (filing under 5-year rule - residency start date on green card Jan 11th, 2006)

*N400 filed December 15, 2011

*Interview March 12, 2012

*Oath Ceremony March 23, 2012.

ALL DONE!!!!!!!!

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babybunny Mentor

babybunny   2

Posted
Filed: Timeline
Posted

start the 401k soon as possible, is FREE money. its the next best thing toi winning the lottery.

if you dont start it right away think of this..

all your co workers I promose are saying thank you for YOUR money.

some companys match your contribution. your husband needs to find out the specifics.

shon.gif
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Jasman0717 Grand Master

Jasman0717   8

Posted
Filed: Citizen (pnd) Country: Philippines
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Posted

I've had one for about 20 years or so. Best thing I ever got into for savings.

usa_fl_sm_nwm.gifphilippines_fl_md_clr.gif

United States & Republic of the Philippines

"Life is hard; it's harder if you're stupid." John Wayne

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LaL Veteran

LaL   418

Posted
Filed: AOS (apr) Timeline
Posted (edited)
start the 401k soon as possible, is FREE money. its the next best thing toi winning the lottery.

if you dont start it right away think of this..

all your co workers I promose are saying thank you for YOUR money.

some companys match your contribution. your husband needs to find out the specifics.

I am pretty sure that

1. this is not *free* money - it is a regular part of your paycheck, just deducted pretax or post tax

2. other employees are not benefitting from your money - this is as in #1, part of your paycheck.

Should you choose to take the option of 401(k) find out if its pre-tax or post tax. Deductions for tax filing can be made on this account depending on how it is taken out of your check. Also find a percentage you are comfortable with. Remember if you are doing alot of overtime, etc. the percent applies also.

:star:

Edited by lal_brandow
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Jasman0717 Grand Master

Jasman0717   8

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Filed: Citizen (pnd) Country: Philippines
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Posted
Laura,

I think shon is referring to the employer match (for those who get that). THAT'S free money.

ditto - When I first started my company was matching dollar for dollar up to 3% of my annual salary. That was a very good chunk of 'free' money

usa_fl_sm_nwm.gifphilippines_fl_md_clr.gif

United States & Republic of the Philippines

"Life is hard; it's harder if you're stupid." John Wayne

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w¡n9Nµ7 §£@¥€r Grand Master

w¡n9Nµ7 §£@¥€r   123

Posted
Filed: Timeline
Posted

Laura,

I think shon is referring to the employer match (for those who get that). THAT'S free money.

ditto - When I first started my company was matching dollar for dollar up to 3% of my annual salary. That was a very good chunk of 'free' money

That's sweet. My current employers match kinda sucks. But I have friends who get no match at all so it's not all that bad!

Man is made by his belief. As he believes, so he is.

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LaL Veteran

LaL   418

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Filed: AOS (apr) Timeline
Posted
Laura,

I think shon is referring to the employer match (for those who get that). THAT'S free money.

Yeah I guess your right. I just read it as stating free money n' all... then bottom sentance almost like an afterthought states "some companys match your contribution".

:star:

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w¡n9Nµ7 §£@¥€r Grand Master

w¡n9Nµ7 §£@¥€r   123

Posted
Filed: Timeline
Posted

Laura,

I think shon is referring to the employer match (for those who get that). THAT'S free money.

Yeah I guess your right. I just read it as stating free money n' all... then bottom sentance almost like an afterthought states "some companys match your contribution".

:star:

Just giving her the benefit of the doubt :)

Man is made by his belief. As he believes, so he is.

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kc456 Proficient

kc456   0

Posted
Filed: AOS (apr) Country: Russia
 Timeline
Posted

Most workers are not unionized and have no pensions coming. So you kind of have to do it. Forced savings for retirement. Definitely get one.

09-02-2005 Applications for AOS, EAD, and AP received by MSC

10-21-2005 AOS fingerprint notice for 12-08-2005

11-07-2005 AP approved

12-05-2005 Infopass appt at San Jose office for interim EAD -- Refused, because it is already approved by MSC on 11-07-2005

12-07-2005 Attempt at interim EAD at San Francisco office -- no go. Back to San Jose, where CSO (chief station officer) tells they will contact MSC via email to request permission to issue interim EAD

12-08-2005 Biometrics for AOS and EAD. Having no EAD appt letter was no problem (used EAD NOA)

12-15-2005 EAD arrived in the mail

12-24-2005 Received interview letter; interview scheduled 03-01-2006

01-28-2006 Received replacement SSN card in married name (5 wks since application)

03-01-2006 AOS interview -- approved; received stamp in the passport

03-13-2006 Green card arrived in the mail

---

Filing for removal of conditions

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Marilyn. Grand Master

Marilyn.   340

Posted
Filed: Other Country: Canada
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Posted

hubby has one with work and the company contributes dollar for dollar up to 4% ... we just recently set this up and it already has a nice chunk of change in there :thumbs:

mvSuprise-hug.gif
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Jasman0717 Grand Master

Jasman0717   8

Posted
Filed: Citizen (pnd) Country: Philippines
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Posted

Laura,

I think shon is referring to the employer match (for those who get that). THAT'S free money.

ditto - When I first started my company was matching dollar for dollar up to 3% of my annual salary. That was a very good chunk of 'free' money

That's sweet. My current employers match kinda sucks. But I have friends who get no match at all so it's not all that bad!

that company has since changed but still puts in a nice amount of matching funds. Where I am now we do a 457 plan and that is all my money, no matching, but the agency pays part of my retirement so I certainly can't complain

usa_fl_sm_nwm.gifphilippines_fl_md_clr.gif

United States & Republic of the Philippines

"Life is hard; it's harder if you're stupid." John Wayne

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