lol you guys are in nj. I live in passaic county but i dont know if you guys could beat how much im making right now its not the big bucks but then again im just a ground man
anyone
- Thread starter TreeDr
- Start date
- Location
- Watchung, NJ
You never know. You make the big bucks? Figure in 401k, dental and medical and see where you stand. The bonus potential is there for the taking.
PM me to talk further.
PM me to talk further.
Mangoes
Participating member
- Location
- Greater Toronto Area
What's 401k?
- Location
- Watchung, NJ
401K is a fund that is set up with a broker for your retirement. Kind of like an IRA, but better. You should look into it and set it up while you are young. Where I work, I have a deduction from each paycheck that goes to 401K. 5%,8%,15%....whatever percentage I choose. That money is invested into funds that I choose also. The investments make money (hopefully) and you pull off of that when your 65 years old.
You really need to look into it further because you can't live comfortably on the US Government.
You really need to look into it further because you can't live comfortably on the US Government.
- Location
- Watchung, NJ
I just realized I was replying to a Canuk, maybe your government is different, but 401k is definately something to look into.
prudential.com
prudential.com
"401(k)" designates the relevant part of either the United States Code (USC title 26, a.k.a. IRC, or Internal Revenue Code) or the regulations which implement them, the Code of Federal Regulations (CFR title 26).
If you're a U.S. citizen and you owe federal taxes (have "taxable income"), you may defer some portion of the funds (taxable income) which would have made you liable for the tax, to be taxed instead at a later date.
Read all about it here (for kicks, search the database for any portions of title 26 which make one "liable" for any income tax; use the word "liable" as the search criteria. The tax is clearly imposed but, well, report if you can discover where the liability for it is declared. A lot of people would really like to know where/how to find it!
If you're a U.S. citizen and you owe federal taxes (have "taxable income"), you may defer some portion of the funds (taxable income) which would have made you liable for the tax, to be taxed instead at a later date.
Read all about it here (for kicks, search the database for any portions of title 26 which make one "liable" for any income tax; use the word "liable" as the search criteria. The tax is clearly imposed but, well, report if you can discover where the liability for it is declared. A lot of people would really like to know where/how to find it!
- Location
- Watchung, NJ
So Glens, would you deter people from participation?
- Location
- Watchung, NJ
There's also the 529 fund that you set up for your kid's college fund. Something to look into.
Sorry. The link from which you can search the code base is here. Select title 26 and at the bottom of the page, "press" "Continue".
For an example of what to look for, do the same in title 27 "Alcohol, Tobacco, and Firearms". In that title, the taxes are both clearly imposed and clearly stated who is liable for them, as in "Section xx.xx Persons liable for tax."
For an example of what to look for, do the same in title 27 "Alcohol, Tobacco, and Firearms". In that title, the taxes are both clearly imposed and clearly stated who is liable for them, as in "Section xx.xx Persons liable for tax."
Participation in what?
Read/search the code and arrive at your own decisions if you're talking about the "big" picture.
From what I understand, the 401(k) bit is a bit of a gamble that the funds (which hopefully will achieve gains via investment) will be taxed at (least) no greater rate than they would be "now".
It most likely doesn't "hurt" to participate in the program, but as with everything else when dealing financially with Uncle Sam (when he has his hands in your pocket), there are no freebies. It's rather like "the house" at a casino: the odds/rules are stacked in their favor but people do sometimes come out ahead for their trouble.
Read/search the code and arrive at your own decisions if you're talking about the "big" picture.
From what I understand, the 401(k) bit is a bit of a gamble that the funds (which hopefully will achieve gains via investment) will be taxed at (least) no greater rate than they would be "now".
It most likely doesn't "hurt" to participate in the program, but as with everything else when dealing financially with Uncle Sam (when he has his hands in your pocket), there are no freebies. It's rather like "the house" at a casino: the odds/rules are stacked in their favor but people do sometimes come out ahead for their trouble.
- Location
- Watchung, NJ
I'm going to start a new post on 401k, I was trying to find some employees with this one until the cranky one found it.
- Location
- Home of the New Jersey Devils
[ QUOTE ]
We know who gets the big piece of chicken at the BBQ.
[/ QUOTE ]
Ha! Chris Rock says that Dad ets the big piece of chicken! /forum/images/graemlins/grin.gif
We know who gets the big piece of chicken at the BBQ.
[/ QUOTE ]
Ha! Chris Rock says that Dad ets the big piece of chicken! /forum/images/graemlins/grin.gif
- Location
- Home of the New Jersey Devils
[ QUOTE ]
That sounds like an awesome gig, I wonder if Aspen could top that, hmmmmmmmmmm........
[/ QUOTE ]
You are a mad man Jabber! No, we couldn't top that. A BBQ twice a month? We work at Aspen. We don't just hang out and drink beer and eat chicken like Doc here! /forum/images/graemlins/smile.gif
Just joking. Tamke is a class act. They are out of our area or else I might work there too! /forum/images/graemlins/smirk.gif
That sounds like an awesome gig, I wonder if Aspen could top that, hmmmmmmmmmm........
[/ QUOTE ]
You are a mad man Jabber! No, we couldn't top that. A BBQ twice a month? We work at Aspen. We don't just hang out and drink beer and eat chicken like Doc here! /forum/images/graemlins/smile.gif
Just joking. Tamke is a class act. They are out of our area or else I might work there too! /forum/images/graemlins/smirk.gif
