Commentüs on: Learn This HR Lesson: Stay Away From Your 401(k)

By: Lift the Payroll Tax Cap: What Do You Think? « Team Building Is For Suckers

Lift the Payroll Tax Cap: What Do You Think? « Team Building Is For Suckers — Mon, 19 May 2008 16:50:27 +0000

[...] the Payroll Tax Cap: What Do You Think? 19 05 2008 I’m going to write about math & money, again. (I’m already [...]

By: Laurie

Laurie — Fri, 16 May 2008 04:17:44 +0000

Niiiiiiiiiiice, Rachel. I love rules and I love saying no. It makes life in HR so much easier.

By: Rachel Robbins

Rachel Robbins — Fri, 16 May 2008 00:24:34 +0000

We won’t let people borrow from their 403b. It’s wonderful.

By: Fast Eddie

Fast Eddie — Wed, 14 May 2008 20:58:58 +0000

Alright…game on!!

By: Laurie

Laurie — Wed, 14 May 2008 05:09:09 +0000

Aw shucks, you were never off the blogroll.

By: Fast Eddie

Fast Eddie — Wed, 14 May 2008 03:50:30 +0000

Hey, you finally made it as the featured blog on the WordPress homepage…CONGRATULATIONS!! About time too, cause you’ve always kicked some wordpressin’ ass from the start Laurie!

(now put me back on your blogroll dammit!)

By: Laurie

Laurie — Wed, 14 May 2008 02:36:46 +0000

@sam You can live your dream of blogging FT and keep your income from your HR job. It’s easy to manage both — I once had a job and blogged anonymously. The blogging kept me sane, yo!

By: Laurie

Laurie — Wed, 14 May 2008 02:34:30 +0000

@maleesha Very good point. I don’t know many people who have retired at all. Most people I know work until their 70s & 80s & then die. True. The best guy I ever worked with in HR told me never to retire — it means certain death. (I thought working in HR meant certain death.)

@colleen211 There are always extenuating circumstances, and it’s your money — so keep your kids and take a loan. I just wish there were better ways to prevent these extenuating circumstances!

By: colleen211

colleen211 — Wed, 14 May 2008 02:24:31 +0000

I can’t tell you how many times I was SAVED by my 401K savings.. but the situations were unusual. I agree with Laurie - when you sock it away, it is supposed to be considered gone. Had I not had it, I would have been forced
to make other decisions (Perhaps giving up my kids, hmmmm)

There are always extenuating circumstances…

By: maleesha

maleesha — Wed, 14 May 2008 02:22:57 +0000

I don’t particularly know many “regular” people who have retired “in luxury” from a 401K, either. CEOs and VPs aside, of course.