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My 401k What does it mean!!

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Postby acsguitar » Thu Sep 07, 2006 5:33 pm

j_d_mcnugent wrote:
acsguitar wrote:
j_d_mcnugent wrote:looks like you've made $59.79 during whatever time period that is for.


Well I can tell you that I've put in appr. 1700 and my account balance is appr. 2700.

My company matches half up to 10% of my contribution.

So I've made 59 dollars weee!!


i think thats just for one month though. give it some time.

my company doesnt even have a 401k.


Well my company matches half so that rules. So If I put 2000 in after a year I get 1000 I think
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Postby j_d_mcnugent » Thu Sep 07, 2006 5:43 pm

acsguitar wrote:
j_d_mcnugent wrote:
acsguitar wrote:
j_d_mcnugent wrote:looks like you've made $59.79 during whatever time period that is for.


Well I can tell you that I've put in appr. 1700 and my account balance is appr. 2700.

My company matches half up to 10% of my contribution.

So I've made 59 dollars weee!!


i think thats just for one month though. give it some time.

my company doesnt even have a 401k.


Well my company matches half so that rules. So If I put 2000 in after a year I get 1000 I think


its usually half up to a certain amount. you said 10%. so i think the max they would contribute is 200.
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Postby acsguitar » Thu Sep 07, 2006 7:30 pm

j_d_mcnugent wrote:
acsguitar wrote:
j_d_mcnugent wrote:
acsguitar wrote:
j_d_mcnugent wrote:looks like you've made $59.79 during whatever time period that is for.


Well I can tell you that I've put in appr. 1700 and my account balance is appr. 2700.

My company matches half up to 10% of my contribution.

So I've made 59 dollars weee!!


i think thats just for one month though. give it some time.

my company doesnt even have a 401k.


Well my company matches half so that rules. So If I put 2000 in after a year I get 1000 I think


its usually half up to a certain amount. you said 10%. so i think the max they would contribute is 200.


The 10% is how much I can put towards it.

So If I get paid 100,000 a year which I dont 10% would be 10,000 dollars. Of which they would match 5,000 ;-D
I'm too lazy to make a sig at the moment
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