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LSS, the company I work for automatically enrolled me in their 401K program, which I'm not crazy about. Is it possible to get the money that they invested into it refunded, minus the "matching" money?
your gonna pay a hefty chunk of portion .. i think around 40%LSS, the company I work for automatically enrolled me in their 401K program, which I'm not crazy about. Is it possible to get the money that they invested into it refunded, minus the "matching" money?
I think 401k is only a 10-20% penelty. I looked it up just to double check and everything says 10%.your gonna pay a hefty chunk of portion .. i think around 40%
imo better to just stop the investment from future and just leave the money alone until retirement.
imo its good to have if u can afford some to be taken out of paycheck
This part is more complicated for 2 reasons:Is it possible to get the money that they invested into it refunded, minus the "matching" money?
ohh it might be ..so many things mightve gotten confused with 401 feesI think 401k is only a 10-20% penelty. I looked it up just to double check and everything says 10%.
My Annuity fund on the other hand takes 40% if i early withdrawl
really, only if there is a match. They're stupid expensive to maintain in fees, but employees don't usually get strapped with the fees, that's a corporate cost that is usually absorbed. Like you pointed out the benefit is the match from your employer generally. The other huge benefit to 401k is that automagic aspect. The truth of the matter is most humans are bad at saving and when you set up an automatic savings like this it is likely going to benefit the average person 10x better than anything they'd do on their own (cause they probably won't)But all of those complaints are overblown and 99% of people would benefit from contributing to their 401k (especially if there's a match).
Yes, this 100%. My clients all use their 401k first up to the match. Then we go outside of the 401k with additional money. But for the everyday person that doesn't know and doesn't seek out any guidance a 401k is still better than nothing, and just set it and forget it. Without a plan retirement will never happen, especially with Social Security most likely getting pushed back to 70 or later.really, only if there is a match. They're stupid expensive to maintain in fees, but employees don't usually get strapped with the fees, that's a corporate cost that is usually absorbed. Like you pointed out the benefit is the match from your employer generally. The other huge benefit to 401k is that automagic aspect. The truth of the matter is most humans are bad at saving and when you set up an automatic savings like this it is likely going to benefit the average person 10x better than anything they'd do on their own (cause they probably won't)
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