Jay
👤 SpeakerAppearances Over Time
Podcast Appearances
What?
Yeah.
Yeah.
Hello. Merry Christmas. Thank you for taking my call.
Hello. Merry Christmas. Thank you for taking my call.
Hello. Merry Christmas. Thank you for taking my call.
Yeah. So I just received a promotion at work and the new compensation package makes me ineligible to contribute to the company 401k plan. So they've offered a different plan Pre-tax dollars, a small match, but it's unqualified. I'm curious what your thoughts are on unqualified plans and if this is the right.
Yeah. So I just received a promotion at work and the new compensation package makes me ineligible to contribute to the company 401k plan. So they've offered a different plan Pre-tax dollars, a small match, but it's unqualified. I'm curious what your thoughts are on unqualified plans and if this is the right.
Yeah. So I just received a promotion at work and the new compensation package makes me ineligible to contribute to the company 401k plan. So they've offered a different plan Pre-tax dollars, a small match, but it's unqualified. I'm curious what your thoughts are on unqualified plans and if this is the right.
No, they have told me that if the compensation exceeds a certain amount, the plan is not able to be contributed to.
No, they have told me that if the compensation exceeds a certain amount, the plan is not able to be contributed to.
No, they have told me that if the compensation exceeds a certain amount, the plan is not able to be contributed to.
um evidently so so i can't yeah so i can't contribute to the 401k anymore so explain to us what your options are again sure so they've offered a different retirement plan pre-tax dollars a small company match but it's unqualified so it's unfunded uh that gives me pause and i'm curious what your thoughts are on those types of plans and should i contribute what are they invested in do you know
um evidently so so i can't yeah so i can't contribute to the 401k anymore so explain to us what your options are again sure so they've offered a different retirement plan pre-tax dollars a small company match but it's unqualified so it's unfunded uh that gives me pause and i'm curious what your thoughts are on those types of plans and should i contribute what are they invested in do you know
um evidently so so i can't yeah so i can't contribute to the 401k anymore so explain to us what your options are again sure so they've offered a different retirement plan pre-tax dollars a small company match but it's unqualified so it's unfunded uh that gives me pause and i'm curious what your thoughts are on those types of plans and should i contribute what are they invested in do you know
The rate of return is based on a specific bond fund. I don't have that in front of me. Recently in the last year, it was about 5%.
The rate of return is based on a specific bond fund. I don't have that in front of me. Recently in the last year, it was about 5%.
The rate of return is based on a specific bond fund. I don't have that in front of me. Recently in the last year, it was about 5%.