We need to chip in and hire yrc' s lobbyists!! They will git er done.The ant and the grasshopper.
The ant and the grasshopper.
The mindset was a direct result of the ‘Great Depression.’ After 08/09, it would seem that practice might resume. Is it short term memory loss?Sadly, in my lifetime, it seems like this country has gone from majority ants to majority grasshoppers. Say it isn't so.
To Central States at the start.... That's as far as I read cause I'm in it.
Leave a well run and well funded plan alone.
Deregulation was 1980 and it’s been talk and more talk for 40 years and not a damn thing done about where we have ended up today! Here recently there was some postings at the barn to handbill XPO and FedEx what a joke everything gone and now we need to organize WTF! I don’t expect to get much if anything from CSPF but I sure as hell want my money from the PGBC after the the taxpayers fund what politicians have neglected for a long time! Strange little factoid the PGBC for multi-employer pensioners that has a maximum amount of $1000 a month $12,000 a year is broke but the single employer fund for the management types is flush with cash and pays up to $50,000 a year!! Sounds familiar doesn’t it us rank and file can suck it while the union officers are fully funded! The $700 million is to kick the can down the road some more if it is taken back YRC will fold CSPF will have a rush of retirees and become insolvent faster then everyone can talk about bailing out the pension which is cheaper than bailing out the Pension Benefit Guaranty Corporation!We were told by CS in December of 2003 that” since 1986 we have experienced declining enrollment and will go from 2% to 1% rate” let’s see since 86 pay outs stepped up and enrollment down, and still talking about problems 17 years later.
That is when everyone should have stated 401 k for themselves.
We were told by CS in December of 2003 that” since 1986 we have experienced declining enrollment and will go from 2% to 1% rate” let’s see since 86 pay outs stepped up and enrollment down, and still talking about problems 17 years later.
That is when everyone should have stated 401 k for themselves.
You are right on 2008. At that time Patel Financial had me heavy into stock of an LED lighting company in Texas. They specialized in truck dock lighting. About lost everything.Ya.... 2008 took a bite out of everyone's 401. Never fully recovered.
Should have had twice if not more than what I had personally in it.
And one side note.
If you take a 401 or use it to save. Pay the taxes before you put your money In.
Fair warning.
Bad advice!Ya.... 2008 took a bite out of everyone's 401. Never fully recovered.
Should have had twice if not more than what I had personally in it.
And one side note.
If you take a 401 or use it to save. Pay the taxes before you put your money In.
Fair warning.
Ya.... 2008 took a bite out of everyone's 401. Never fully recovered.
Should have had twice if not more than what I had personally in it.
And one side note.
If you take a 401 or use it to save. Pay the taxes before you put your money In.
Fair warning.
A 401k is a qualified retirement plan that allows eligible employees of a company to save and invest for their own retirement on a tax deferred basis. ... These contributions are deducted from your salary on a pre-tax basis.Ya.... 2008 took a bite out of everyone's 401. Never fully recovered.
Should have had twice if not more than what I had personally in it.
And one side note.
If you take a 401 or use it to save. Pay the taxes before you put your money In.
Fair warning.
Hey.Bad advice!
If you’re money has not returned from 08 crash you must have pulled out or invested foolishly.Ya.... 2008 took a bite out of everyone's 401. Never fully recovered.
Should have had twice if not more than what I had personally in it.
And one side note.
If you take a 401 or use it to save. Pay the taxes before you put your money In.
Fair warning.
Bad advice!
If you made a withdraw from 401 prior to certain age, yes you will pay penalties plus taxes. An Ira is treated the same as a 401, both are tax deferred, 401 is company sponsored and an Ira you can get on your own. A Roth IRA and a Roth 401k are funded with after tax dollars.Hey.
I'm not a stock/tax/money advisor.
Just sayin if you take a chunk out they take a chunk for themselves in taxes so anything you made goes to taxes.
20%. I've had.... HAD... to do it and take the hit.
Now if your gonna draw a monthly check out of it after retirement it's a good investment. But to use it for anything else.... Just sayin.
Just going by my experience..... So as for advice. Take the tax hit before putting it in. Or use an ira.
Advice?
Nobody will take it.