quote:
Not always the best strategy. My Dad is a good example of the opposite. Always took advantage of the matching to the max, kept it through multiple changes of majority ownership changes. When it finally went from public to private he was 2nd only to the Pres/CEO in profits from the stock buyback.

Well yeah, but he went all in. I prefer to take the cash and reinvest somewhere else as I already have a vested interest un the company by working there+unvested stock.

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Posted by GeorgeQGlass

Austin

Member since Oct 2017

297 posts

Posted on 6/22/18 at 9:37 am to kywildcatfanone

quote:
Govt isn't going to take your money

This is either the funniest or dumbest shite I've read in a long time. I can't decide which one.

You mean, the government isn't going to steal more money than that already do?

I don't know what rock you're living under,but is there room for me too? Cause I hate to break it to you, but the government steals your money EVERY.frickING.DAY.

This post was edited on 6/22/18 at 9:38 am

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Posted by slackster

Houston

Member since Mar 2009

91362 posts

Posted on 6/22/18 at 9:46 am to Sidicous

quote:
Not always the best strategy. My Dad is a good example of the opposite. Always took advantage of the matching to the max, kept it through multiple changes of majority ownership changes. When it finally went from public to private he was 2nd only to the Pres/CEO in profits from the stock buyback.

Always exceptions, but it doesn't change the better decision in most cases.

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Posted by Champagne

Sabine Free State.

Member since Oct 2007

53683 posts

Posted on 6/22/18 at 9:52 am to LSUBoo

quote:
No, but I have some minor concern that extreme inflation will render it mostly worthless.

I see no way that this can be avoided. In fact, I think that is the plan.

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Posted by Sidicous

NELA

Member since Aug 2015

19296 posts

Posted on 6/22/18 at 10:12 am to castorinho

quote:
Well yeah, but he went all in. I prefer to take the cash and reinvest somewhere else as I already have a vested interest un the company by working there+unvested stock.

Dad invested in other mutuals and stuff so not just in the employer. And he was also exceptional by today's standards in that he was with the same employer for 35 years. Not gonna see many 35 years "gold watch" employees any more. 3-5 years sure, 35 without the hyphen separating the numbers, not even likely anymore.

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Posted by GoIrish02

Member since Mar 2012

1491 posts

Posted on 6/26/18 at 2:03 pm to Thib-a-doe Tiger

quote:
You forget the part where many/most people’s tax brackets drop when they retire

This notion is misguided, most people who save for retirement will be at the same tax bracket or higher when they retire. When I say save, I mean people who have the combination of 401Ks, IRAs, SS benefits, taxable investments, rental properties etc.

Liquidating all of these assets over 20-30 years will generate significant tax bills, especially among people in the thread who save enough to be targeted for the sums they've accumulated.

This post was edited on 6/26/18 at 2:47 pm

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