Comments on: This is pretty apalling http://thepennysaved.com/2008/03/26/this-is-pretty-apalling/ Personal Finance, career, investing, retirement, saving and debt blog Tue, 06 Jan 2009 05:10:08 +0000 http://wordpress.org/?v=2.3.3 By: lulugal11 http://thepennysaved.com/2008/03/26/this-is-pretty-apalling/#comment-826 lulugal11 Thu, 27 Mar 2008 13:40:41 +0000 http://thepennysaved.com/2008/03/26/this-is-pretty-apalling/#comment-826 I agree with you in general but you might need to take a look at the guy's position at the time. I worked for a company one time that allowed you to only invest in the stock. I refused to take part in the program because I hated the company and did not plan to work there long enough to retire. I only stayed about ten months and I was glad I did not put my money into the retirement account because it was a hassle to get even my last set of paychecks. Maybe the person you overheard is in some similar position where they do not plan to stay long with the company so they do not see the benefit. BTW I am contributing to my current company's retirement account. :-) I agree with you in general but you might need to take a look at the guy’s position at the time. I worked for a company one time that allowed you to only invest in the stock. I refused to take part in the program because I hated the company and did not plan to work there long enough to retire. I only stayed about ten months and I was glad I did not put my money into the retirement account because it was a hassle to get even my last set of paychecks. Maybe the person you overheard is in some similar position where they do not plan to stay long with the company so they do not see the benefit.

BTW I am contributing to my current company’s retirement account. :-)

]]> By: Rachel @ Master Your Card http://thepennysaved.com/2008/03/26/this-is-pretty-apalling/#comment-825 Rachel @ Master Your Card Thu, 27 Mar 2008 13:27:42 +0000 http://thepennysaved.com/2008/03/26/this-is-pretty-apalling/#comment-825 I think in the UK people have started to worry about retirement accounts because some have gone bankrupt and therefore people have lost the money they have contributed as well as what their employers have put in. Pensions funds seem to be worth very little once people retire so I think it makes them feel that they may as well enjoy the money now. I think in the UK people have started to worry about retirement accounts because some have gone bankrupt and therefore people have lost the money they have contributed as well as what their employers have put in. Pensions funds seem to be worth very little once people retire so I think it makes them feel that they may as well enjoy the money now.

]]> By: Mrs. Micah http://thepennysaved.com/2008/03/26/this-is-pretty-apalling/#comment-816 Mrs. Micah Thu, 27 Mar 2008 01:34:36 +0000 http://thepennysaved.com/2008/03/26/this-is-pretty-apalling/#comment-816 It surprises me that people leave free money on the table. Maybe if your company's 401(k) only allowed you to invest in company stock...but almost all of them have halfway decent indexes and even if you get the match in company stock you can eventually move it. It surprises me that people leave free money on the table. Maybe if your company’s 401(k) only allowed you to invest in company stock…but almost all of them have halfway decent indexes and even if you get the match in company stock you can eventually move it.

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