401K Question...

[58-4ever]

my employer offers matching funds up to 5 percent of my total income. Should I have them do this with pre-tax money or post-tax money?

[MTG#10]

Thanks for the replies. I'll email head of HR Monday. I dont recall ever seeing that they only match 50% up to 3%, but I could have missed it.

[Demonpenz]

Good lord why is shit so confusing.

[eDave]

Originally Posted by Demonpenz

Good lord why is shit so confusing.

It's not.

Side note; I've put ALL of my 401K towards International Equities when Trump was hired. 50% funds/50% indexs. Earning over 15%, though the funds are outpacing equities considerably right now.

[Miles]

Originally Posted by MTG#10

Thanks for the replies. I'll email head of HR Monday. I dont recall ever seeing that they only match 50% up to 3%, but I could have missed it.

You should have a summary plan description document you likely got with your new hire documents but you should also be able to access it on your company's 401k web portal. The summary plan description will explain how the employer match works.

[Miles]

Originally Posted by eDave

It's not.

Side note; I've put ALL of my 401K towards International Equities when Trump was hired. 50% funds/50% equities. Earning over 15% though the funds are outpacing equities right now.

So essentially the same at the S&P 500 since the election.

[jspchief]

Originally Posted by MTG#10

Thanks for the replies. I'll email head of HR Monday. I dont recall ever seeing that they only match 50% up to 3%, but I could have missed it.

Sounds like that's it. They put in .50 for every dollar you put in, up to 3% (or whatever predetermined %).

Sent from my SM-G920V using Tapatalk

[Shaid]

Originally Posted by Halfcan

Personally I think 401 k's are a terrible investment, the match will be eaten up in fees you will be charged every single year. Save your money and invest it yourself.

Real Estate is the best investment over time-hands down-if you are looking for property-pm me.

I have a direct match up to 6% and annual fees are 0.25% in my 401k. You'd have to have a terrible match and a terrible fee for the fees to eat up the match every year. Not everyone is so lucky though.

I don't discount real estate as a good investment. I think it's probably a harder investment from a management perspective but it can also make you money now. It's something I've considered for a while but haven't had time to really dig into.

[lewdog]

Originally Posted by eDave

It's not.

Side note; I've put ALL of my 401K towards International Equities when Trump was hired. 50% funds/50% indexs. Earning over 15%, though the funds are outpacing equities considerably right now.

My Health Science fund is up over 22% this year alone.

Winning.

/Thanks ObamaCare!!!