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Cake day: July 6th, 2023

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  • Employers are limited in paying into 401ks for highly compensated employees, and are required to have a certain percentage of their normal employees putting money in if they want to go hog for their execs. That’s why many give matches, to incentivize folks to contribute so that they can then funnel more to the C-suite.

    Your coworker is right that the lack of match makes the 401k less appealing. That said, it’s still the stock market, but you may have severely limited options.

    You’ll want to do what you’re required to do, but then you should look into a ROTH IRA, which will give you a lot more control over that extra 5%.





  • flipht@kbin.socialtomemes@lemmy.worldSecond Cousins
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    10 months ago

    It’s not hard.

    Cousin # = # of generations back to your shared direct ancestor - 1.

    So if you share a grandparent (2 generations away), you’re 1st cousins.

    removed is how many generations away you are from each other.

    So if your parent is first cousins with someone, you’re first cousins once removed. You’re second cousins to their kids. You’re second cousins once removed to their children.


  • flipht@kbin.socialtoAsk Lemmy@lemmy.world*Permanently Deleted*
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    10 months ago

    I don’t think you can expect rational discourse from a collective concern.

    Some people will agree with you. Some people will disagree, because at the end of the day, if you’re willing to vote for someone even when they don’t do what you like, then they have no incentive to consider anything you like.

    Neither position is wrong.

    Our system, which sets up two bad options, is what’s wrong.

    This is ultimately a false dichotomy. We operate as if there are only two options, because no one person has the power to fix this, but instead of recognizing that the system is broken, we blame each other for not going all in on what we all admit is problematic.