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Started By
Message
2
Posted on 5/23/17 at 7:26 am to 50_Tiger
CIM
Posted on 5/23/17 at 7:51 am to Croacka
quote:
I don't think the average company match is near that high
Mine matched 6% for the first two years then went to a Pension plan.
Posted on 5/23/17 at 8:35 am to KillTheGophers
Why not more if you don't have the supplemental plan?
Posted on 5/23/17 at 8:41 am to Paul Allen
quote:
Why not more
Yeah, I'm not sure why he said "no less, no more"
Put in as much as you're comfortable with. Sure, there are other investment vehicles for you to diversify across, but putting it into a 401k is never a "bad" idea
Posted on 5/23/17 at 8:56 am to Croacka
Thank you
Posted on 5/23/17 at 11:50 am to Paul Allen
T is a good value right now. About to get some more in a week or two if the price stays where it is. Also Hormel but that probably isn't exciting enough for most people
Posted on 5/23/17 at 12:09 pm to Croacka
quote:
Yeah, I'm not sure why he said "no less, no more" Put in as much as you're comfortable with. Sure, there are other investment vehicles for you to diversify across, but putting it into a 401k is never a "bad" idea
Absolutely. Unless a person has other, higher return investments that require funding (such as rental real estate), getting the company match in a 401K, maxing an HSA (if available), maxing an IRA and then dumping the rest into the 401K, will set you free financially... if you start early enough.
For the overwhelming majority of Americans, saving too much (in a 401K or elsewhere) isn't the problem. It's saving too little.
Posted on 5/23/17 at 1:12 pm to 50_Tiger
What are y'alls thoughts on the FKINX for a dividend play? I am currently putting half of my savings in there (reinvesting dividends) and the other half in VTSMX.
Posted on 5/23/17 at 2:52 pm to Hickok
quote:
FKINX
50% of the portfolio is debt, much of it below investment grade, plus they charge a 4.25 percent load. If you want a pure dividend play look elsewhere.
Posted on 5/23/17 at 3:40 pm to sneakytiger
Thanks, I've been considering just stopping contributions to Franklin, letting the dividends reinvest and marinade for 30 years or so, and putting everything into the VTSMX. And to the OP, every dividend stock I would suggest has been posted, if you are looking for growth id be glad to throw out a few I'm currently in, ISRG has treated me well so far and I see it going up and up.
This post was edited on 5/23/17 at 4:01 pm
Posted on 5/23/17 at 4:42 pm to leoj
quote:
Also Hormel but that probably isn't exciting enough for most people
There's money in SPam?
Posted on 5/23/17 at 6:19 pm to Jimmy2shoes
And turkey, but yes. Also laughing that that got a downvote. Would like to see ADM, JNJ, or HD take a dip. Also looking at Exxon and Microsoft.
Posted on 5/23/17 at 11:35 pm to Croacka
6% is the average across the nation.
Here in the South, you'll be lucky to get a 4% match.
Cost of living and such.
Here in the South, you'll be lucky to get a 4% match.
Cost of living and such.
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