[lbo-talk] some flippin choice

[Dorene Cornwell]

You mean the part about the 401(k) comes out of pretax dollars so you
don't pay income tax or social security on the part that goes into the
401(k) until you withdraw the funds? Or the part about if you need it
before age 65 the gumming socks you with an automatic 10% penalty?

Not being a tax accountant, I would say "your mileage may vary,"
probably by quite a lot.

This also saves the USG from an increment of liability for social
security payouts. You don't pay in on it; they don't have to pay out
on it. Again, your mileage may vary.

Invest the maximum the company will match. If the 401(k) is all
company stock, a la Enron, diversify.

DC

On Sun, Nov 1, 2009 at 5:07 PM, Jordan Hayes <jmhayes at j-o-r-d-a-n.com> wrote:


> What about the "match" from USG?  Isn't that a double-digit-win?
>
> # "I will gladly pay you Tuesday for a hamburger today"
> #    - Wimpy
>
> /jordan
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