1st Gen Lunchtable Thread - General Discussion

Just max it out

 

Eh, guy I knew was easily spending $250 - 300k for his builds to run out in the desert.

That's a shit ton labor going into that frame/exo.

 

Real

Friend of mine gets 10% match
Seems 3-5 is standard, above 5 is generous, 10 is ridiculous

 

I'm clueless to 401Ks but opened up an IRA years back and invested quite a bit into it. Of course I stopped contributing since retiring. Just sits there earning interest.

My question is (since we're all from different states), do all of you get taxed on your 401k when you get to use it?

 

Ya 401ks (and traditional IRAs) are pre-tax so you will have to pay income tax on withdrawals, plus other penalties if youre not retirement age

 

That's how CA is. Just wasn't sure how much it varied state to state.

We have income tax too as we get taxed for everything.

 

I think there might be some states that don't charge state income tax on withdrawals, could be wrong there tho
Have to pay fed income tax no matter what

 

6% seems good to me. I've always gotten 4-5%, currently I get a 4% match on my 5% contribution.

 

Yep, that's one of the reasons Florida is so popular to retire to. No income tax, including on withdrawals from your retirement fund.

 

I get 8% but am grandfathered in to an older plan. Think new folks get 6%

I had a friend leave for a company that does 25%! Certainly not common but they are out there!

 

hot damn

 

25pct! Shiiiiit. Great for FIRE

 

Yeah and they only offered the 401k because it became a law 5 or so years back that companies in CA over a certain size have to offer some kind of state or private retirement plan for their employees, they said they were "considering" doing a match of some kind and would revisit the idea later but after 5 years I don't hold out much hope on that.

 

I check their job postings every few months, LOL

 

Is there an HSA match too??
My fav retirement account right there

 

But Ohio

 

True… It’s a nice part of Cincinnati at least, I wouldn’t hesitate to juice up my 401k for a few years and then leave if I hate it

 

LOL i was gonna say something similar

 

It never was lol

 

@Wulf

I may jump on Halo tonight and start doing a play-through for funsies

If you wanna join