No. of Recommendations: 1
Yep, some people can only contribute to $3,000 toward retirement account, some can contribute $11,000, and some can contribute $40,000 (self employed people). Hey nobody said life was fair!

Thanks, that is what I was thinking but was just looking for the confirmation that I wasn't missing something.

Also, bug your company until they provide a retirement plan. Sheesh it doesn't cost them anything if they don't match and it can save their employees a fortune.

The situation I have right now is that supposedly all of the employees of the company I am with all need to contribute to the plan, and need to contribute the same percentage. Everyone is interested except for one person and since it is an all or nothing, we get nothing!

Does anyone know what type of plan this is that everyone is required to contribute and contribute the same percentage?

Thanks.

DT
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement