Originally Posted by
scambo1
What he is preaching is pay rates and profit sharing are decoupled (separate line items) right now and I agree with that.
Your point is well taken, and most economists would agree, that letting someone hold on to your money instead of you is ill-advised. With that said, in the case of profit sharing, I'm okay with that. It's an accrual system and maxes out most 401k's in one fell swoop. The only thing I'd consider swapping SOME profit sharing for is if the company maxes out my 401k to the 415c limit - without my involvement.
I'm not Timbo. He's a tool.
I'd rather take my money now, I don't want to wait a year for it to get to me, that's lost income. To each his own if it ever were to be an option. I respect that and would be good with whatever the group wanted, it's about US, not about ME.
Timbo, scambo... Po-tay-to, po-tah-to!