Mid 40s - Smart to leave LCC for Legacy?
#32
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Bear in mind, the Big 3 401k is a contribution, not a match, they give you 15 or 16% of your salary into the plan. You can also contribute on your own up to the allowable max. First year at an LCC is not heavily invested in that company.
#33
With this said, (I believe, yes?) the max annual contribution, is $17,500, yes ?
#35
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Employee is 17.5, 50 and older is 23k. Total company/employee is 51k I believe.
Having good mutual funds can make this increase by a fair amount over time (or possibly a loss). Our plan allows for a brokerage account as part of the 40k, so you may invest in stocks or outside mutual funds on your own.
Having good mutual funds can make this increase by a fair amount over time (or possibly a loss). Our plan allows for a brokerage account as part of the 40k, so you may invest in stocks or outside mutual funds on your own.
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