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Msg ID: 2787554 401K +3/-2     
Author:Vested term
7/8/2023 3:24:23 PM

Looking to work in HAA for 2 years before I retire. Which companies have no wait period for 401 matching and pay out 100% of match at two years of service?



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Msg ID: 2787556 401K +2/-1     
Author:PHY used to be 6%
7/8/2023 3:33:39 PM

Reply to: 2787554

Now it's only 3%

with a carrot on a string for another 3% driven by arbtrary metrics no one has a clue what makes the cut.

 

My guess is, it's part of the reason retention of pilots is so low....



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Msg ID: 2787560 401K +0/-1     
Author:Anonymous
7/8/2023 3:44:18 PM

Reply to: 2787554

None that I know of. Don't think two years will get you fully vested. 



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Msg ID: 2787575 401K +0/-1     
Author:Usually 3 years
7/8/2023 5:32:43 PM

Reply to: 2787560

What about Matro, AMC or GMR?



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Msg ID: 2787577 401K +1/-1     
Author:fly offshore
7/8/2023 5:41:10 PM

Reply to: 2787554

they vest quicker



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Msg ID: 2787584 401K +1/-1     
Author:None
7/8/2023 7:22:55 PM

Reply to: 2787554

Do something else.  HAA is on screwed up business when it come to the aviation side sucking up to hospital influence and in some cases control.



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Msg ID: 2787588 doesn't make sense to work 2yrs  +1/-1     
Author:ANYWHERE
7/8/2023 7:49:32 PM

Reply to: 2787584

invest into a 401k plan...you won't make enough in it...might as well retire....its 2yrs old man



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Msg ID: 2787602 doesn't make sense to work 2yrs  +2/-2     
Author:OP
7/8/2023 9:52:56 PM

Reply to: 2787588

I'm almost 48 and will retire at 50. So 401k will earn because I won't touch it till 67.



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Msg ID: 2787614 doesn't make sense to work 2yrs  +3/-3     
Author:oh, I'm pretty sure
7/9/2023 12:17:27 AM

Reply to: 2787602

you'll touch it at 59.5

 

YOu'll touch it all over....and grope it, and fondle it......and rub it....and stroke it



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Msg ID: 2787625 doesn't make sense to work 2yrs  +0/-2     
Author:Anonymous
7/9/2023 9:17:17 AM

Reply to: 2787602

You must be a student of Bidenomics. 



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Msg ID: 2787646 Why bother with a 401K +0/-2     
Author:Just invest
7/9/2023 1:57:00 PM

Reply to: 2787602

Why would you bother with a 401K when you could just put your own money into a IRA or Roth, manage it yourself and make WAY more reutrn on your investment than a company sponsered 401K?



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Msg ID: 2787651 Because you can do both +4/-2     
Author:Amigo
7/9/2023 3:27:36 PM

Reply to: 2787646
Ira and Roth IRA cap out at like 6500 for a year and the 401k tops at 22500. If he's retiring at 50 I'm assuming he's stuffing both. Having said that, picking an employer based on vesting in 2 years seems inconsequential compared to overall compensation at one place vs another. Pick the higher paying gig, stuff whatever's leftover in a brokerage, and don't sweat vesting at all.


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Msg ID: 2789151 Because you can do both +0/-0     
Author:At 76
7/29/2023 12:04:00 PM

Reply to: 2787651

I suggest a broad spectrum of investments of @50% stock and bonds, precious metals, commodities, and spread the rest to income producing vehicles like real estate (rental properties), LLCs and so on.  

Whatever you do, don't get caught up in the financial services industry more than necessary.

Manage it yourself?  Other than choosing and maybe every now and then moving something for good reason just buy whatever, leave it there, almost forget about it, and 5 years prior to retirement look at it.

Annuities are not a bad investment, like insurance, they pay, fixed term or life, like a defined benefit pension plan.

Diversify, lean back, don't fiddle with it, and you won't regret it.



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Msg ID: 2787652 Why bother with a 401K +2/-1     
Author:R D Nekk
7/9/2023 3:32:34 PM

Reply to: 2787646

"Why bother with a 401K" ?

With company matches, a 401K is free money, even if it takes a couple years to be fully vested. Example: previous employer matched half my contribution up to my 8% of salary. That's 4%, a 50% return right off the bat.  Sound investment options magnify that proportionally.

I worked 17 years, give or take a couple months, so vesting my 401k was a given and went with me fom my first employer to the second.



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Msg ID: 2787639 401K +1/-5     
Author:Warren Buffet
7/9/2023 12:24:34 PM

Reply to: 2787554

no one is vested in less than 3 years. Skip the 401k and open a Fidelity roth IRA, max it out in a nice index fund like FZAIX. Up almost 15% YTD



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Msg ID: 2787648 401K +0/-1     
Author:Fake News
7/9/2023 2:41:35 PM

Reply to: 2787639

Era vests 100 day one 



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Msg ID: 2787650 401K +2/-1     
Author:Clearly a wanna be
7/9/2023 3:18:52 PM

Reply to: 2787639

WB

 

the expense ratio is off the charts on that one.  I'd take a closer look if I were you and get a better fund.

 

https://www.maxfunds.com/funds/data.php?ticker=FZAIX&pg=d

 



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Msg ID: 2787698 401K +4/-1     
Author:Must be
7/9/2023 10:48:31 PM

Reply to: 2787639

a different Warren Buffet, I guess.

Warren Buffet isn't stupid enough to pay a 1% expense ratio for a managed fund that never beats it's benchmark.



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Msg ID: 2787728 401K +0/-1     
Author:Warren Buffay
7/10/2023 11:16:17 AM

Reply to: 2787698

fine...FZROX then



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Msg ID: 2787782 401K +1/-0     
Author:Vanguard is better
7/11/2023 4:05:24 AM

Reply to: 2787728

Look into it.

 

Vusux is all I've been hanging on to since cashing out.....the idiots just keep prolonging the collapse....so I can't get back in....heavy.  But still chaching 800 a month on the monthy div that buys more Vusux ain't bad.



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Msg ID: 2787857 401K +0/-0     
Author:Anonymous
7/12/2023 2:56:22 AM

Reply to: 2787728

getting warmer



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Msg ID: 2787850 401K +0/-0     
Author:AMC Guy
7/11/2023 7:50:55 PM

Reply to: 2787554

In HAA, I have seen anywhere from instant full vesting, to 3 years.



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