jim t

PS... I don't know who you work for... but I'm guessing the company did some serious cost analysis to figure out how to save money while making their 401k plan SEEM more attractive...

REMEMBER, your first $6000 was matched 1 for 1 in the old plan. NOW you only get half that for your first $6000!

Jim

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gator7_5

If your able to invest 30K a year in an IRA, you need to pay a little extrafor financial advise - notfree fishing forum advise.

jim t

TRUE DAT...

BUT 1+1 STILL = 2

AUradars company pulled a HUGE fast one on it's employees...

If they wanted to be "helpfull" they could have left it a 100% match for the first $6000 then made it a 18.4% match for any employee contributions above $6000 and done virtually the same thing.

INSTEAD, the company is reducing benefits for lower income employees.

The company is instead pocketing money while appearing more magnanimous.

Jim

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Danno

I don't know that the numbers actually are, but I do know that if you are over 55 yrs old you can do a "catch up" contribution this allows you to go above the maximum amount.

AUradar

jim T,

yeah, they made a change and it wasn't as attactive. I wouldn't call it a fast one though, but I was dissapointed. We were bought out several years ago and the change was the new company changing the old companines policy to the new one's.

I know fishing forum's aren't the best place for finicial information. However, have you seen the boats on here????? People here know about money. Actually, I usually try to goto several different sources for such information. Forums like this are a good way to see what the "rest of the world" is doing.