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Started By
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Boss man just let us all know 401k matches are suspended
Posted on 7/1/20 at 9:02 pm
Posted on 7/1/20 at 9:02 pm
Along with a slight salary decrease. Woohoo. I’ll consider myself lucky and thankful I live within my means and don’t have a wife or kids. Hopefully as well this isn’t a sliding slope into another round of layoffs (my office seems to have survived this round). Sucks. Hope the Ultimate economic impact Of all of this is worth the potential lives saved.
I’ll be very curious if enough places stop matching retirement and never bring it back that it’ll fade like Private pensions have.
I’ll be very curious if enough places stop matching retirement and never bring it back that it’ll fade like Private pensions have.
38
Posted on 7/1/20 at 9:06 pm to jlovel7
Sorry to hear that but it looks like you have a good perspective on things.
Posted on 7/1/20 at 9:06 pm to jlovel7
Just know you sacrifice saved a couple 80 year olds
Youll sleep better
Youll sleep better
Posted on 7/1/20 at 9:07 pm to jlovel7
Man, that sucks....hope my company doesn’t hear about that...
Posted on 7/1/20 at 9:09 pm to jlovel7
quote:
I’ll be very curious if enough places stop matching retirement and never bring it back that it’ll fade like Private pensions have.
Doubtful. Pensions are nearly extinct because of the incredibly high costs from lower and lower interest rates over time. 401ks as a benefit are still relatively cheap.
Posted on 7/1/20 at 9:09 pm to jlovel7
Remember that in November when you cast your vote.
Posted on 7/1/20 at 9:09 pm to jlovel7
They announced suspension of 401k match for Q3 for us a month ago.
But merit raises just got approved so we anticipate 401k match coming back for Q4.
But merit raises just got approved so we anticipate 401k match coming back for Q4.
Posted on 7/1/20 at 9:16 pm to jlovel7
Company I was with for 20 years laid of 51 people last week. Did the same on the 401K.
But we will all he okay if we keep wearing a mask.
But we will all he okay if we keep wearing a mask.
Posted on 7/1/20 at 9:17 pm to jlovel7
quote:
Along with a slight salary decrease
That is the bigger issue
Posted on 7/1/20 at 9:21 pm to geauxbrown
And what's frustrating about that is the people who decide on something like that make enough to where they don't even need a 401k.
Posted on 7/1/20 at 9:24 pm to RealityTiger
Sounds a little socialist bruh
Posted on 7/1/20 at 9:24 pm to jlovel7
quote:
Boss man
Posted on 7/1/20 at 9:25 pm to geauxbrown
quote:
Company I was with for 20 years laid of 51 people last week. Did the same on the 401K.
Were you one of the 51 laid off?
Posted on 7/1/20 at 9:27 pm to Cosmo
quote:
Just know you sacrifice saved a couple 80 year olds
Youll sleep better
Yes and some old boomers can live long enough to ho ahead and bankrupt SS and Medicare
Posted on 7/1/20 at 9:35 pm to jlovel7
I expect many companies to cut 401k matching
And maybe never to reinstate
And maybe never to reinstate
Posted on 7/1/20 at 9:37 pm to WhiteMandingo
quote:Not really. It sounds a little selfish for the people making those decisions. The matching part was supposed to be a benefit of working for a particular company. A very basic benefit at that.
Sounds a little socialist bruh
Posted on 7/1/20 at 9:37 pm to jlovel7
You should ask them what you're getting in exchange for forfeiting this
Half days on Friday? If they're making you sacrifice you should get some benefit from it.
Half days on Friday? If they're making you sacrifice you should get some benefit from it.
Posted on 7/1/20 at 9:38 pm to jlovel7
ours have been halted since march....
Posted on 7/1/20 at 9:38 pm to Cosmo
The fact that you’re a doctor makes this post even better.
Posted on 7/1/20 at 9:40 pm to jlovel7
Rest assured Fauci, Broome, Destroya, JBE are all getting full pay, full benefits.
We are all in this together!
We are all in this together!
This post was edited on 7/1/20 at 9:40 pm
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