the annual reminder on how I get ripped off came in the mail
The company I work for (multi state corporation) administers 401k retirement programs
The first kick in the shin: for every dollar, they give you a quarter....nice, but....well, you'll see.
The next kick:
they picked Wells Fargo.
but no.
I don't think I trust that bank - even with....well, we'll get there.
Now the 'start investing now' calculation starts off with
'Invest 3% now'
nice, not a big number.
the example is based on an income of 25k.
or 50k
ain't that a slap on both cheeks:
Reportedly the top earner in the shop only makes a shade under 20k, compared to the roughly 15k, I earn - before taxes.
let alone I can't afford the 48 or so bucks a month to pay in, even if that gives me an extra 12....
and the roughly projected 38k in 20 years -
who thinks that will be worth a thing in 20 years anyhow!
and if I paid in 3% of what I make, round it up with the extra quarter per....that really won't amount to jack....
lord have mercy, I need a better job.
next week is 'appreciation week'
Instead of getting a bonus, we get some breakfast, ice cream and doughnuts....