Author Topic: Random questions.  (Read 175819 times)

Offline Zevi16

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Re: Random questions.
« Reply #3375 on: September 13, 2018, 08:52:20 PM »
I don’t really understand the 401k/ Roth system. I just have a quick question.
My company offers a match, if I leave the company and go on to a different one or decide to go on my own does that money that I have deposited till now stay as an active investment? Will the match money from my company stay mine too?
Really noob at this.

Also, what does the company gain by giving the match?

Offline ChaimMoskowitz

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Re: Random questions.
« Reply #3376 on: September 13, 2018, 08:58:32 PM »
Some companies have a vested period. You have to stay x amount of year before the match is yours. Some have a sliding scale also. Need to check your companies policy.
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Offline ExGingi

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Re: Random questions.
« Reply #3377 on: September 13, 2018, 08:59:55 PM »
I don’t really understand the 401k/ Roth system. I just have a quick question.
My company offers a match, if I leave the company and go on to a different one or decide to go on my own does that money that I have deposited till now stay as an active investment? Will the match money from my company stay mine too?
Really noob at this.

Also, what does the company gain by giving the match?
It depends on your company's vesting schedule. It can be fully vested immediately, or gradually up to employment year 5. It could also be something in between, but I've never seen it.

The match, like all employer paid benefits, are offered by the employer in order to attract and retain talent.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline ChaimMoskowitz

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Re: Random questions.
« Reply #3378 on: September 13, 2018, 09:01:38 PM »
It depends on your company's vesting schedule. It can be fully vested immediately, or gradually up to employment year 5. It could also be something in between, but I've never seen it.

The match, like all employer paid benefits, are offered by the employer in order to attract and retain talent.
Government TSP is 3 years.
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Offline ExGingi

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Re: Random questions.
« Reply #3379 on: September 13, 2018, 09:07:27 PM »
Some companies have a vested period. You have to stay x amount of year before the match is yours. Some have a sliding scale also. Need to check your companies policy.
To clarify. The longest legally possible vesting schedule is 0%, 20%, 40%, 60%, 80%, 100%. IINM anything with a steeper vesting schedule is OK. Though IIRC a 3 year cliff (0%, 0%, 100%) is also legal.

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-vesting
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Offline Zevi16

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Re: Random questions.
« Reply #3380 on: September 13, 2018, 09:11:11 PM »
Thanks. Let me read the links.
Could one even ask if doing the 401k/Roth is worth it or is it totally depending on the situations? Are there any basic rules of what would be worth it and what wouldn’t?

Offline churnbabychurn

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Re: Random questions.
« Reply #3381 on: September 13, 2018, 09:19:17 PM »
Thanks. Let me read the links.
Could one even ask if doing the 401k/Roth is worth it or is it totally depending on the situations? Are there any basic rules of what would be worth it and what wouldn’t?
A match is worth it. Absolutely

Offline ChaimMoskowitz

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Re: Random questions.
« Reply #3382 on: September 13, 2018, 09:21:24 PM »
Thanks. Let me read the links.
Could one even ask if doing the 401k/Roth is worth it or is it totally depending on the situations? Are there any basic rules of what would be worth it and what wouldn’t?
You can't go wrong when they match. Of course all matching levels are different. Mine was a max of 5% match.
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Offline ExGingi

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Re: Random questions.
« Reply #3383 on: September 13, 2018, 10:29:07 PM »
Thanks. Let me read the links.
Could one even ask if doing the 401k/Roth is worth it or is it totally depending on the situations? Are there any basic rules of what would be worth it and what wouldn’t?
In general, it would be foolish to leave match money on the table (i.e. Not take money that's available to you) but like every financial decision, it is just one piece of a puzzle. One needs to see what else is going on 
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Offline TimT

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Re: Random questions.
« Reply #3384 on: September 14, 2018, 12:40:48 AM »
How long is it ok for milk to be out of the fridge ?

Offline mmgfarb

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Re: Random questions.
« Reply #3385 on: September 14, 2018, 12:48:26 AM »
How long is it ok for milk to be out of the fridge ?
Until it goes bad.
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Offline TimT

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Re: Random questions.
« Reply #3386 on: September 14, 2018, 12:53:07 AM »
Until it goes bad.
So as long as it smells & tastes good it’s ok ?

Offline mmgfarb

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Re: Random questions.
« Reply #3387 on: September 14, 2018, 12:53:50 AM »
So as long as it smells & tastes good it’s ok ?
Should be.
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Offline username

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Re: Random questions.
« Reply #3388 on: September 14, 2018, 09:31:33 AM »
How long is it ok for milk to be out of the fridge ?
-1

Besides, spoiled (pasteurized) milk is safe to drink. At least thats what they taught us during the cold war.

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Offline ChaimMoskowitz

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Re: Random questions.
« Reply #3389 on: September 14, 2018, 11:34:36 AM »
Is USPS Informed Delivery down?
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