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401K Confusion

May 6th, 2016 at 06:36 pm

I set up to contribute 35% to my 401k at my second job. My first check since doing so hit yesterday. The company is supposed to match my contribution up to 6% of my yearly salary. But they matched my contribution 100%. Do they contribute 100% until they reach 6% of my yearly salary? I have never worked for a company that matches contributions.

Had a lovely day off work. Did nothing but the dishes. Still have a couple of things on my list to do tonight, but it is 9:30 so I don't know that they will get done. Oh well.

My sister seems to know when to call me to ask me to go to the store or something for her. I purposely didn't tell her I had the day off because she takes that as her opportunity to fill my day with her errands. But she still called me today to pick up a prescription for her that she "urgently" needed. She knows that Thur and Fri nights are not good for me(she didn't know I was off). But she doesn't seem to care about anyone else when it comes to doing things for her. Everytime DD comes to town, she thinks DD is there to do her grocery shopping. It is getting old, but I don't know how to stop it. She is so generous paying toward DD's rent that I feel like we owe her. But when is that debt paid? It feels like we are constantly doing her errands. She hasn't been out of the house in weeks. She doesn't drive so she relies on me, but thinks nothing of asking me to stop by Walmart on my way home and get her a sandwich or something. She lives 7-8 miles past my house. So it isn't on the way home.

Sorry to vent. I am just completely frustrated.

4 Responses to “401K Confusion”

  1. Petunia 100 Says:

    It's OK to set boundaries. Smile For example, you could tell her that you are unable to run errands for her on Thursdays and Fridays because they are long days for you.

  2. creditcardfree Says:

    Not sure on the 401K, I would inquire with your employer. It could go probably go either way.

  3. PatientSaver Says:

    You're not sure how to stop it? Just say no! Surely that wasn't part of the bargain, right, that you run her errands in exchange for her paying DD's rent. Some people will take advantage of you, but only if you allow it to happen.

  4. DW Says:

    The total amount you can contribute for 2016 is 18000 (+6000 catch-up if age 50+).
    I think that amount is regardless of the number employers in a given year. I changed jobs within a year and it was mentioned in the employee orientation.
    Rules change so, check with your employer.

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