Retirement fund

[Luv2Fall 0]

Thank you taxpayers for paying my military retirement each month.

[EricaH 0]

I can't save... that's why I skydive, drive fast, eat fatty foods, smoke, play in the street & run

PLFKING... I really like that plan, thanks for the idea. I just have to save enough to get south, I want a place where it's warm outside when we get an exercise break

There is no can't. Only lack of knowledge or fear. Only you can fix your fear.

PMS #227 (just like the TV show)

[Layton 0]

ok ya busted me out.if we're gonna wrassle it will have to be fair.no wesson oil or whipped cream or nuttin like that.***if you are going to be stupid you better be tough

[skymama 35]

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2) Rob a major bank on my 65th Bday.

A 69 year old man got arrested for robbing banks yesterday in FL. I thought of you, Don! His problem was that he got greedy. He got away with 2 hiests and got caught on the 3rd.

She is Da Man, and you better not mess with Da Man,
because she will lay some keepdown on you faster than, well, really fast. ~Billvon

[GARYC24 3]

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Thank you taxpayers for paying my military retirement each month.

Well, your Welcome!

[kallend 1,623]

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Is your employer matching anything?

If not, do the Roth IRA first, then crank up the 401k.

Contribute until it hurts, then contribute some more.

I think the current limit is $3k for the Roth, and $13k for the 401k.

Mine's a 403(b), and we seem to have higher limits than that.

Not because it's a 403b, it's because you're an old fart. Those over 50 have higher limits to give them a chance to "catch up". You get an extra 3 grand.

Well, being an old fart has to have some advantages, I suppose.

...

The only sure way to survive a canopy collision is not to have one.

[freeflir29 0]

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Different companies allow a different max, eh?

Yep....This is with the US Govt "Thrift Savings Program." They fully match the first 3% and then some percentage of the next 2%. The TSP is pretty awesome as it lets you decide how you want to invest. They have 5 differen't funds that go in risk from basically a savings account up to international and common stocks.

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my employer has a retiment thing going but well it's th emilitary so they math 0%

They don't match with the military TSP????? That sucks.....

[Ron 7]

I have been in my retirement plan (401) since I was 21. Im 31 now.

Been putting in 10% for most of that time. Company matches 500.00 a year.

My company also has a traditional retirement account...I have 13 years in that.

I also have a military disability.

"No free man shall ever be debarred the use of arms." -- Thomas Jefferson, Thomas Jefferson Papers, 334

[jessd 0]

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I think the current limit is $3k for the Roth, and $13k for the 401k.

I contribute 5% into my 401k and my company contributes 15% of my 12/31 salary as profit sharing.
The limit is $13K for the 401k but because of EGTRRA and if your plan has the "catch-up" election in the plan document and if you are going to turn 50 in 2004, you can contribute an additional $3k.I think the limit is still $3k for the ROTH and $3.5 if you are 50 or older. But, ROTH contributions are not tax deductable - which stinks if you need the deduction.

"Life is not measured by the number of breaths we take, but by the moments that take our breath away..."

[PLFKING 3]

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I just have to save enough to get south,

You have no qualms about robbing a bank, yet balk at stealing a car???

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A 69 year old man got arrested for robbing banks yesterday in FL. I thought of you, Don!

You always did think the worst of me....


Don

"When in doubt I whip it out,
I got me a rock-and-roll band.
It's a free-for-all."