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Does anybody lol when jobs list 401k contribution as a benefit SRS
Does anybody lol when jobs list 401k contribution as a benefit SRS
05-27-2021, 08:56 PM
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#1
- Realclout
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Does anybody lol when jobs list 401k contribution as a benefit SRS
Looking at jobs and besides the usually health insurance WHICH you pay for just lol at that being a BENEFIT as well I CRINGE so hard and LOL every time I see 401k contribution or retirement plan. Do you feel bad for these POOR bastards who get EXCITED over working their whole life just to struggle in retirement.
Poors gonna poor SRS.
Companies barley offer anything besides a SALARY and think you're GOING to be loyal and WAGEcuck your life away for them to MAKE a fortune while YOU entertain yourself with the USUAL wagie activities like DRINKING and LIVING above your means for no other reason but to make yourself feel better about your PATHETIC life.
SRS
Poors gonna poor SRS.
Companies barley offer anything besides a SALARY and think you're GOING to be loyal and WAGEcuck your life away for them to MAKE a fortune while YOU entertain yourself with the USUAL wagie activities like DRINKING and LIVING above your means for no other reason but to make yourself feel better about your PATHETIC life.
SRS
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05-27-2021, 09:16 PM
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#2
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Originally Posted By monster0ultra⏩
No AVI, Did not read SRS.Realclout sounds like something a rapper would shout when repping his area code.
REALCLOUT NI99A
REPRESENT
REALCLOUT NI99A
REPRESENT
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05-27-2021, 09:16 PM
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#3
- drlarsrobotnik
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depends on the match brah
if they match a good amount it's just money on the table, pre-tax. Why would you not want the FREE (not really free because it's part of your overall comp tho) money, unless you were moving countries or something
plus you could also do dat dere backdoor or mega backdoor roth. and triple tax benefit (pre-tax, no cap gains tax, no tax when withdrawing later on) for HSA investments
and that chit grows bro, if you're 29 and retire 65, 36 yrs of growth. let's say you invest it in a total mkt index fund with 12% annual growth, by the rule of 72 that will double your money every 6 years. So within the 36 years, the money you put in the first year is multiplied by ~ 2^6 = 64. So if you put away 19.5k , that will be $1.248 m, and the same as whatever your employer contributed. and similarly for the subsequent years, albeit at a lower multiplier (bc less time in mkt)
if they match a good amount it's just money on the table, pre-tax. Why would you not want the FREE (not really free because it's part of your overall comp tho) money, unless you were moving countries or something
plus you could also do dat dere backdoor or mega backdoor roth. and triple tax benefit (pre-tax, no cap gains tax, no tax when withdrawing later on) for HSA investments
and that chit grows bro, if you're 29 and retire 65, 36 yrs of growth. let's say you invest it in a total mkt index fund with 12% annual growth, by the rule of 72 that will double your money every 6 years. So within the 36 years, the money you put in the first year is multiplied by ~ 2^6 = 64. So if you put away 19.5k , that will be $1.248 m, and the same as whatever your employer contributed. and similarly for the subsequent years, albeit at a lower multiplier (bc less time in mkt)
05-27-2021, 09:31 PM
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#4
- Realclout
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Originally Posted By drlarsrobotnik⏩
Match is usually less then 5k a year from what I have seen and thats WITH you MAXXXING out every year if you only put in 5k they're contributing like a MEASLY 2.3k which just seems ridiculous considering THEY want you to be LOYAL and WAGEcuck your whole life for such a PATHETICALLY small carrot that they DANGLE in front of your PATHETIC face while OFFERING literally nothing. Also, BRB capital gains tax that 1.2mil is now 600k YOU'RE officially poor and struggling SRS you worked YOUR whole life and MADE sacrifices to a COMPANY and your GOLDEN years will BLOW.depends on the match brah
if they match a good amount it's just money on the table, pre-tax. Why would you not want the FREE (not really free because it's part of your overall comp tho) money, unless you were moving countries or something
plus you could also do dat dere backdoor or mega backdoor roth. and triple tax benefit (pre-tax, no cap gains tax, no tax when withdrawing later on) for HSA investments
and that chit grows bro, if you're 29 and retire 65, 36 yrs of growth. let's say you invest it in a total mkt index fund with 12% annual growth, by the rule of 72 that will double your money every 6 years. So within the 36 years, the money you put in the first year is multiplied by ~ 2^6 = 64. So if you put away 19.5k , that will be $1.248 m, and the same as whatever your employer contributed. and similarly for the subsequent years, albeit at a lower multiplier (bc less time in mkt)
if they match a good amount it's just money on the table, pre-tax. Why would you not want the FREE (not really free because it's part of your overall comp tho) money, unless you were moving countries or something
plus you could also do dat dere backdoor or mega backdoor roth. and triple tax benefit (pre-tax, no cap gains tax, no tax when withdrawing later on) for HSA investments
and that chit grows bro, if you're 29 and retire 65, 36 yrs of growth. let's say you invest it in a total mkt index fund with 12% annual growth, by the rule of 72 that will double your money every 6 years. So within the 36 years, the money you put in the first year is multiplied by ~ 2^6 = 64. So if you put away 19.5k , that will be $1.248 m, and the same as whatever your employer contributed. and similarly for the subsequent years, albeit at a lower multiplier (bc less time in mkt)
Also 6 years is barley getting you a 50% return so that's far from doubling.
Why would you be OKAY with GETTING poverty GAINS on your CAPITAL and getting punished by PAYING fines or WAITING until 60 to TAKE it out TO avoid TAXES do you not SEE the scam THEY'RE pulling to MAKE you a good little wagie FOR literally nothing out of their POCKET.
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05-27-2021, 09:35 PM
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#5
- WoWzerzzzz
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Originally Posted By Realclout⏩
i like this guyNo AVI, Did not read SRS.
05-27-2021, 09:35 PM
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#6
05-27-2021, 09:36 PM
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#7
- muscle_marketer
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$5k, do u even $10k/day ceo?
marketing for life
05-27-2021, 09:47 PM
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#8
- Realclout
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Originally Posted By muscle_marketer⏩
Son, You're missing the entire point.$5k, do u even $10k/day ceo?
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05-27-2021, 09:48 PM
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#9
never gave a fuk about a 401k
Roth IRA, high yield savings accounts, index funds, and chit like Acorns for me srs
Roth IRA, high yield savings accounts, index funds, and chit like Acorns for me srs
Look, i know i don't really know you and all, and i know you probably hear this like everyday, but your just so perfect to me. The few hours we talked were really great even if the convo was stale, your really pretty and chill, and your country thats just perfect :'D i really dont know how to explain it, but i think i have feelings for you somehow. i never felt like this with someone i just met, but i felt the need to get it off my chest. sorry for being all weird just idk how to explain it D:
05-27-2021, 10:07 PM
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#10
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Originally Posted By _zman⏩
That's EXACTLY the type of stuff I mean THEY act like YOU should BE thankful to RETIRE after being a LOYAL WAGEcuck while THEY made a fortune and DESIGN all these rules and FINANCIAL programs to LOCK your money AWAY and keep you POOR and WORKING and most of the TIME you are STILL poor and struggling in retirement I mean how pisseningDon't forget the 5-year vesting period.
SRS.
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05-27-2021, 10:11 PM
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#11
- Mountaineer92
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Originally Posted By awwchit2⏩
acorns lmao now we know you just repeat talking points from reddit and you a whole ass kid cause only kids and retards use acorns.never gave a fuk about a 401k
Roth IRA, high yield savings accounts, index funds, and chit like Acorns for me srs
Roth IRA, high yield savings accounts, index funds, and chit like Acorns for me srs
PUREBLOOD CREW
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05-27-2021, 10:19 PM
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#12
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Depends on the match percent. If you have a decent income it is a large benefit.
Last three years at my normal job they had to kick back the contributions because us "highly compensated employees" vs contributions from the non highly compensated do not meet the test
Last three years at my normal job they had to kick back the contributions because us "highly compensated employees" vs contributions from the non highly compensated do not meet the test
**Black out tape over all laptop/cell phone cameras so gov cant spy on me fapping crew**
05-27-2021, 10:20 PM
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#13
05-27-2021, 10:23 PM
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#14
- RobParks2M
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Originally Posted By awwchit2⏩
Lmfao you are giving up free money dumb dumb.never gave a fuk about a 401k
Roth IRA, high yield savings accounts, index funds, and chit like Acorns for me srs
Roth IRA, high yield savings accounts, index funds, and chit like Acorns for me srs
Originally Posted By _zman⏩
What poverty company do you work for that does that? Mine is 100% vested right away....Don't forget the 5-year vesting period.
Idk 'bout y'all but I'm getting a 5 figure match this year... Seems pretty good to me.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
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05-27-2021, 10:25 PM
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#15
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Originally Posted By SipNPiz⏩
How does that help you SRS. I mean the extra money CAN'T hurt but ARE you okay with being a WAGIE. I mean WHAT are you really DOING with your life.I get 5% even if I put in 0%
SRS.
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05-27-2021, 10:26 PM
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#16
- Masterchieffer
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Originally Posted By RobParks2M⏩
Makes a big difference if the match is 2% versus 10%. If you didn’t make such poverty wages you would understand that. Or is it you make such poverty wages because you don’t understand things like that?Lmfao you are giving up free money dumb dumb.
What poverty company do you work for that does that? Mine is 100% vested right away....
Idk 'bout y'all but I'm getting a 5 figure match this year... Seems pretty good to me.
What poverty company do you work for that does that? Mine is 100% vested right away....
Idk 'bout y'all but I'm getting a 5 figure match this year... Seems pretty good to me.
05-27-2021, 10:29 PM
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#17
- RobParks2M
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Originally Posted By Masterchieffer⏩
lmao. What you make big fella? must be quite a bit if it is better than my $10,000 401k 5% match.Makes a big difference if the match is 2% versus 10%. If you didn’t make such poverty wages you would understand that. Or is it you make such poverty wages because you don’t understand things like that?
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
05-27-2021, 10:39 PM
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#18
- tunejunkie
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Lmao. What companies do you work for?
Most Tech companies in ca match 100%. 50% minimum.
It’s literally free money.
As long as your salary and commissions comp is what you’re looking for 401k match is literally free money.
Put some in there. Get some free money. Then go put your other money elsewhere where you may get better returns. It’s not rocket science
Most Tech companies in ca match 100%. 50% minimum.
It’s literally free money.
As long as your salary and commissions comp is what you’re looking for 401k match is literally free money.
Put some in there. Get some free money. Then go put your other money elsewhere where you may get better returns. It’s not rocket science
05-27-2021, 10:45 PM
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#19
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Originally Posted By RobParks2M⏩
Are you REALLY, Okay with that. Are you OKAY with WAGEcucking your hole life for a MEASLY 10k extra a year. What are you doing with your lifelmao. What you make big fella? must be quite a bit if it is better than my $10,000 401k 5% match.
SRS.
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05-27-2021, 10:46 PM
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#20
Originally Posted By Mountaineer92⏩
currently at a 6% gain w/ acornsacorns lmao now we know you just repeat talking points from reddit and you a whole ass kid cause only kids and retards use acorns.
not bad.
clearly you mistake me for someone who fukin cares about the stocks.
just buy index funds drop money in acorns and forget about it.
just lol who has time for all of that
Look, i know i don't really know you and all, and i know you probably hear this like everyday, but your just so perfect to me. The few hours we talked were really great even if the convo was stale, your really pretty and chill, and your country thats just perfect :'D i really dont know how to explain it, but i think i have feelings for you somehow. i never felt like this with someone i just met, but i felt the need to get it off my chest. sorry for being all weird just idk how to explain it D:
05-27-2021, 10:54 PM
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#21
- mr.left hook
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that's the Norm now. less pay and they bribe you with Vacation time, 401k and they seal the deal with a free turkey on thanksgiving.
my company Match up 3% 100% and 50% to 5% I drop 10k a year plus HSA
my company Match up 3% 100% and 50% to 5% I drop 10k a year plus HSA
MR.PHF '09
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05-27-2021, 11:00 PM
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#22
- RobParks2M
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Originally Posted By Realclout⏩
Yep strictly for the $10k. Not the other $10k I contribute, or the healthcare... or the remainder of my income... I work 186 days a year. What do you think you are gonna do that involves working less days per year that makes remotely close to my income?Are you REALLY, Okay with that. Are you OKAY with WAGEcucking your hole life for a MEASLY 10k extra a year. What are you doing with your life
SRS.
SRS.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
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05-27-2021, 11:03 PM
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#23
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Originally Posted By RobParks2M⏩
I can't imagine you barley work half the year and make decent money unless you're a teacher or something SRS.Yep strictly for the $10k. Not the other $10k I contribute, or the healthcare... or the remainder of my income... I work 186 days a year. What do you think you are gonna do that involves working less days per year that makes remotely close to my income?
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05-27-2021, 11:12 PM
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#24
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Originally Posted By Realclout⏩
Lmfao bruv you tryna act high and fuking mighty, but you can't figure out that shift work exists. If, for example, you work 7 days on and 7 days off that means you only work half the year... less if you utilize vacation.I can't imagine you barley work half the year and make decent money unless you're a teacher or something SRS.
You some sort of 9 to 5 cuck OP?
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
05-27-2021, 11:14 PM
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#25
- SaviorSelfJT
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I always lol when I hear about places with like 7 year vesting schedules
They get to say they have a match without actually doing it
They get to say they have a match without actually doing it
Best lifts:
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05-27-2021, 11:15 PM
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#26
- Nonsense916
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Wagecels are easy to manipulate
Brb coming into work overtime just because they brought donuts that day
Brb coming into work overtime just because they brought donuts that day
Losers let it happen, winners make it happen.
Nonsense Army Crew.
05-27-2021, 11:17 PM
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#27
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Originally Posted By RobParks2M⏩
Lmao, You ain't gonna make it chief. Sorry, It's time to lay down and rot. Tours over sweet prince SRS.Lmfao bruv you tryna act high and fuking mighty, but you can't figure out that shift work exists. If, for example, you work 7 days on and 7 days off that means you only work half the year... less if you utilize vacation.
You some sort of 9 to 5 cuck OP?
You some sort of 9 to 5 cuck OP?
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05-27-2021, 11:25 PM
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#28
- Nonsense916
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Originally Posted By Realclout⏩
RuthlessLmao, You ain't gonna make it chief. Sorry, It's time to lay down and rot. Tours over sweet prince SRS.
Losers let it happen, winners make it happen.
Nonsense Army Crew.
05-27-2021, 11:26 PM
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#29
- PermaBulk610
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Even if they didnt match, just allowing you to save 19.5k a year tax free is a perk. If you're going to work for someone, then just having the ability to save in a 401k is better than not, regardless of the match.
05-27-2021, 11:26 PM
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#30
- Beast92
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So you are mad because you cant qualify for a good job with good benefits?
SWEs at google make an average of 300k a year + a 4 year RSU plan of 400k + bonus for joining + food and other on site chit
SWEs at google make an average of 300k a year + a 4 year RSU plan of 400k + bonus for joining + food and other on site chit
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