Search found 5 matches

by boondogger
Mon Feb 11, 2013 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Very good company retirement contribution, how much more?
Replies: 23
Views: 4665

Re: Very good company retirement contribution, how much more

Lot's of good responses. Sounds like most are on the same page.

Well, I already increased my 401K contribution by 10%. The examples given scared me into doing something right away :shock:
by boondogger
Sun Feb 10, 2013 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Very good company retirement contribution, how much more?
Replies: 23
Views: 4665

Re: Very good company retirement contribution, how much more

Kyle, NYBogleHead; thanks for your reponses.

Cheese Breath,
I appreciate all of your points and info.

Letsgobobby,
Good example. Yea, I'd be much worse off as my other retirement accounts alone aren't where they should be.
by boondogger
Sun Feb 10, 2013 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Very good company retirement contribution, how much more?
Replies: 23
Views: 4665

Re: Very good company retirement contribution, how much more

Hoppy, I like the way you explained that. Thank you.
by boondogger
Sun Feb 10, 2013 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Very good company retirement contribution, how much more?
Replies: 23
Views: 4665

Re: Very good company retirement contribution, how much more

Thanks Valuethinker, you've given me a lot to think about. Part of me is hoping that my company is not like the others you mentioned. We are not a huge company, about 1500 employees and $1B annual revenue. We're 100% employee-owned, not publicly traded whatsoever. We're in the wholesale electrical distribution industry. So business can vary in the construction market, but our other large customers are utilities. Maybe I'm wrong in thinking we're not as volatile though. You have me significantly worried though, so looks like I need to reconsider how much I'm putting into a 401K. You are right on about your comment on the speed of change. Texasdiver, thanks for your input. I feel somewhat risk averse, so I know what you are saying about havin...
by boondogger
Sat Feb 09, 2013 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Very good company retirement contribution, how much more?
Replies: 23
Views: 4665

Very good company retirement contribution, how much more?

I work for a 100% ESOP company. Over the last 10 years, they on average have contributed 12% of my salary to my retirement account. I don't (and can't) match funds to it. The company places the 12% into private company stock in each employee's account. My question is as follows... many people seem to say savings should be 15-20% of income. Since I'm already getting 12%, should I just shoot for 3-8% more? A little more info. The company stock has averaged 25% yearly growth over the last 10 years. The stock has a vesting schedule of 7 years, which I have reached. The stock cannot be sold, and you can't buy more. You have to retire or quit to get the money. You can't diversify until age 55. I have a 401K too (they don't match it), but it's not...