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My old man gave me good advice. The very first thing

Posted on: August 21, 2020 at 14:18:56 CT
TigerJackSwartz MU
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you do when you are employed - look for the free money.

Matching 401k contribution is the first area that you look at. If you aren't contributing the amount which will be matched (whether totally or partially), you are leaving free money on the table.

Employee Stock Purchase Plan is the next one. Some do quarterly, some do semi-annually. Some do 10% discount, some do 15% discount. Some have a look back which can get you an even better discount. Probably variations off that. But whatever it is, you're looking at a near guaranteed return on your money, invested for a very short time period. If you don't max out your ESPP, you are leaving free money on the table.

Don't leave free money on the table
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MESSAGE THREAD

Are 401k's becoming a thing of the past? - playhard NWMSU - 8/21 14:14:31
     Our company stopped matching in February - Tptiger MU - 8/21 17:50:42
     We provide 3% no matter what you do... - DevilsAdvocate KC - 8/21 15:05:38
          similar 3% given retirement 3% match plus profit sharing - TigerFan92 STL - 8/24 12:53:32
          We're 100% of first 3%, and 50% of the next 2% (nm) - TigerJackSwartz MU - 8/21 15:08:39
               Not bad...(nm) - DevilsAdvocate KC - 8/21 20:21:22
     Uncle had a 409 in a 1964 Impala.... - Fred G. Sanford MSU - 8/21 15:03:23
          Giddy Up,Giddy Up 409. nm - Sarazen KC - 8/21 15:50:50
          And today there are 2L 4 cyclinders that would destroy it (nm) - TheWildcat MU - 8/21 15:17:05
               Gee that’s really cute to hear(nm) - Fred G. Sanford MSU - 8/21 17:17:42
     It still has great tax advantages - meatiger MU - 8/21 14:35:03
          I think i'll go another route and opt out of doing their - playhard NWMSU - 8/21 14:45:34
               it is still a free 2.5% - meatiger MU - 8/21 14:47:08
                    Or it could be as low as 0.5% matching(nm) - playhard NWMSU - 8/21 14:56:28
                         You get the deferral, and up to 2.5%. - tigerdb MU - 8/21 15:12:44
                         either way, free money. Don't leave free money on - TigerJackSwartz MU - 8/21 15:00:31
               you're leaving free money on the table. don't do that - TigerJackSwartz MU - 8/21 14:46:54
          curious about recommendation to fund an IRA first - I guess - TigerJackSwartz MU - 8/21 14:43:01
               investment choices - meatiger MU - 8/21 14:44:52
     Yes - it’s now a 401 Donruss. - Gyro(nm) - Carlos Rossi KC - 8/21 14:29:57
          RE: Yes - it’s now 401 Donruss. - Gyro(nm) - dangertim MU - 8/21 14:34:03
          lol(nm) - hefeweizen MU - 8/21 14:30:51
     Sounds like it's alive in well from your post (nm) - Sal MU - 8/21 14:20:26
     that's a pretty ****ty plan - lqf2b8 MU - 8/21 14:20:16
     how does a miserly match program portend the end of the - dangertim MU - 8/21 14:19:25
          BOAISY (nm) - lqf2b8 MU - 8/21 14:23:18
     My old man gave me good advice. The very first thing - TigerJackSwartz MU - 8/21 14:18:56
          Never had a company with a stock purchase plan - meatiger MU - 8/21 14:33:47
               not talking sell and hold. Sell it the day you get it - TigerJackSwartz MU - 8/21 14:40:10
                    Is that counted as just ordinary income then?(nm) - meatiger MU - 8/21 14:41:45
                         short term capital gain, which is the same thing (nm) - TigerJackSwartz MU - 8/21 14:43:20
                              Is the 25 K limit - meatiger MU - 8/21 14:46:25
                                   If it is 10%, essentially you'll buy 25K worth of stock at - TigerJackSwartz MU - 8/21 14:53:55




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