Posted on 02/08/2011 6:24:40 PM PST by 9422WMR
Matching funds deposited next year?
Yeah, it’s perfectly legal. Companies are not even required to match if they don’t want to. However, I would be interested in knowing your investment selections. If you’ve been investing consistently for 10 years, your funds should be in positive territory.
You are “loosing” money. It should be matched as you contribute.
Sounds normal. Nice clean accounting to have it hit at one time.
We do it in February, I just got mine. They can do whatever they like, and don’t have to match at all.
Of course, anyone who is no longer with the company, for whatever reason, does not receive it.
I had two previous employers that made the contributions the same way. It makes sense. Since they are matching an amount that is a percentage of your income, what if they contribute for six months with your pre-tax contribution at 10% and then you drop to 1% for some reason. If that were the case, they would have overmatched.
Agreed.
Hope so, but maybe not. Thought the SP500 was flat from 98 to 08? Then the crash.
With the 2-point reduction in Social Security taxes this year, everyone should put that in their 401(k) instead. This is exactly what Bush proposed a few years back. We all know Social Security won’t be there when we retire, so take those extra 2 percentage points while you can and divert them into an actual retirement account instead.
I am “diversified” across the spectrum of investment options available to me.
My last quarter of 2010 shows a rate of return of 1.16%.
Some funds in the mix post18.23% gains.
The last 10 years have been a flop.
I pulled all funds into “bonds” right before the big crash, and did not loose 50%.
But the gains have been REALLY slow.
Mostly American funds split in 7 different funds,
and 7 various others.
Mostly mid to high growth funds, offset by diversified and large blend funds.
Mediocre at best....
Maybe it was heavily invested in Enron...
You are “loosing” money. It should be matched as you contribute.
... not so! It’s up to the company when and how they want to match. He should be grateful that he has a match, as many co.s suspended matching in the downturn in the economy. If he invested for 10 years and got a match, he should look at the match and the gains as his return... probably better than any outside investment would have returned. I wish I had a matching “free money” plan right now, since that would mean I had a JOB!
ymmv
401(k) was nixed over 2 years ago. Reasoning for no 401(k) match is company doesn't know what the future holds (like any company knows what the future holds with certainty).
Company makes way more now than ever did in the past when had matching.
Once this economy goes full throttle consistenty, I suspect lots of folk will be shopping their talents to the highest bidder(s).
At least you get an employer match. My employer does not match 401-K although the healthcare plan is excellent. Being in good health I’d rather have the match instead.
If inflation starts to kick in then heavily asseted Bonds may not be a good investment vehicle.
Or if local governments start defaulting which seems to be the bigger danger.
No, I only popped the dollars into bonds until the crash was over.
Reluctantly I re-invested after the fall.
Many folks were impressed that I missed the loss.
Just had a vision that the market was going DOWN.
{was only “out” of market 2 months}
Now that I have been back in the market, it does not inspire to greatness of wealth. marginal, only marginal...
Actually, the S&P500 is up slightly now from 1998. If he's been contributing the whole time, he's made some pretty terrible investment choices.
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