Hi everyone, I recently landed a new job where the base 401(k) contribution for all FTEs is 12% of your salary. This is regardless of your contribution, with no additional match. I realize that this is unusual for most people and it is for me as well. In my last job, I got up to a 6% match so I maxed that out and didn't think on...
As others have mentioned, you can invest in the stock market within your 401k, though your options can sometimes be limited or saddled with high fees depending on what broker the 401k is through.
If yours is through a shitty broker then you might be better served by opening an individual retirement account (IRA), likely a Roth IRA given the limited info you’ve shared. You can open one with a broker of your choice, so go with one of the better ones like vanguard or fidelity. Using tax advantaged retirement accounts will always beat saving your retirement money in a non-tax advantaged one, all else being equal.
Pretty ironic that the wealthiest men in Pakistan are stuck in a submarine a week after hundreds of Pakistani refugees drowned trying to get to Greece because these guys are pilfering all the country’s money for themselves.
Don’t carry water for people who would let you die to increase their mountain of gold a little. What you’ve described might be true of millionaires, even multi millionaires; but no one gets to a billion dollars without stepping on those below them in the pursuit of more money than one person could ever spend in their lifetime.
Being a billionaire is pathological, if the human race was a biological organism and one part of it started hoarding that many resources, we would call it cancer and cut it out.
12% 401(k) Contribution - What to do? [USA] ( kbin.social )
Hi everyone, I recently landed a new job where the base 401(k) contribution for all FTEs is 12% of your salary. This is regardless of your contribution, with no additional match. I realize that this is unusual for most people and it is for me as well. In my last job, I got up to a 6% match so I maxed that out and didn't think on...
Money Won't Save Them Now ( lemmy.world )
Pretty ironic that the wealthiest men in Pakistan are stuck in a submarine a week after hundreds of Pakistani refugees drowned trying to get to Greece because these guys are pilfering all the country’s money for themselves.