tag:blogger.com,1999:blog-29579128.post115436927183731539..comments2023-12-24T02:29:14.724-05:00Comments on Penny Foolish: Financial sleuthingUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-29579128.post-1154561367985807492006-08-02T19:29:00.000-04:002006-08-02T19:29:00.000-04:0040k still sounds like a lot of money to me! Hopefu...40k still sounds like a lot of money to me! Hopefully I'll be there soon enough.<BR/>You are so lucky to get such an awesome retirement package, my company doesn't match at all.Then Thingshttps://www.blogger.com/profile/15477806123345635221noreply@blogger.comtag:blogger.com,1999:blog-29579128.post-1154452501309466152006-08-01T13:15:00.000-04:002006-08-01T13:15:00.000-04:00We're enrolled in a pension plan in lieu of Social...We're enrolled in a pension plan in lieu of Social Security - so the involuntary contribution is a percentage of my salary that goes in as my contribution to the pension plan. In my case, I'm in what the university calls the Alternative Retirement Plan, which is just a straight 403(b). On my taxes, this doesn't count as a voluntary contribution because it's as voluntary as Social Security (which is to say, not voluntary at all.) <BR/><BR/>Yeah, I am really happy about the match =) It also means that as my salary goes up, so does the match, and if I get a new job here, it goes up a LOT more. I'm glad that I'm not forced into participating in a pension plan, and I can just take my money with me when I leave (and roll it into a Roth!)Kirahttps://www.blogger.com/profile/05991840729281607982noreply@blogger.comtag:blogger.com,1999:blog-29579128.post-1154452208720460102006-08-01T13:10:00.000-04:002006-08-01T13:10:00.000-04:00What's the difference between your $50 pretax 403(...What's the difference between your $50 pretax 403(b) and the $225 involuntary 403(b)? I've never seen an involuntary retirement payroll reduction item before, that's not the state's matching amount right? Since these are items that are deducted from your check? <BR/>The additional matching you get is pretty awesome! My employer is a private university and they don't match a thing for non-exempt employees, only for exempt employees. For us non-salary schmucks they will deposit something like 2% of our pay in a separate account that we're vested in after FIVE years. Pf.Revanchehttps://www.blogger.com/profile/07293868300535734672noreply@blogger.com