Archived Stock, Stock Options, 401K, etc

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Question. Do you qualify for 5% matching the moment you start at target? or do you need to wait a set time to take advantage of it?
 
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So a year working part time. That is lame.

I need to go turn off 401k withholdings. Not worth it without matching.
 
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I am a full time college student who really does need every penny. %5 gone is a pinch I can't afford if they are not matching.
 
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I am a full time college student who really does need every penny. %5 gone is a pinch I can't afford if they are not matching.

If you CAN afford to put it away, do it regardless of match. Usually you do it pre-tax, lowering your overall tax liability until you start to withdraw it. Not a bad deal, and it is ALWAYS a good idea to put money away for your future. It can build up faster than you think. I started my current job about 2 1/2 years ago. We use TSP, but it is basically the Federal Govt version of a 401k. At this point I have over 6 grand in it, which I will be fully vested in at the end of this year. That is only at 3% and as I get increases, the amount I put in and they match goes up to. That combined with a military retirement AND Social Security when I hit 67 can have me making potentially more per month then than I do now while fully employed.

The moral: put it away for the future.
 
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nib

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Stock and Stock options are only offered to Exempt employees and upper members of management. Regarding the 5% match, that takes place after about 6 months (1000 hrs)
 
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question if you are a part time employee and your insurance and life insurance got taken away will you still have your 401k? or will they take that away next
 
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Yes, you do get your 401k still. Do not do the spot Roth IRA.
Why not? I am trying hard to understand all of this and am contributing 11% and doing adjustments, etc. so that I can retire before I'm 80. I haven't done the Roth, but have been studying it.
 
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Yes, you do get your 401k still. Do not do the spot Roth IRA.
Why not? I am trying hard to understand all of this and am contributing 11% and doing adjustments, etc. so that I can retire before I'm 80. I haven't done the Roth, but have been studying it.
I don't trust spot that much. I am not sure if the spot Roth IRA is covered by federal insurance. I am certain that my Roth is covered by federal insurance at my bank.
 
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