Work and MMR vent

[Deleted]

That is annoying. I commend you for trying though, I gave up on my employees a long time ago. We actually do have a 401k with a match and only about 1/3 of our employees will enroll, even when we matched 100% of their contributions up to 9% of their salary... no one cared. I guess they are banking on social security.

[ssmjlm]

You can only lead them to the water unfortunately.

I have coworkers who can't believe I'm contributing as much to retirement, but I figure better to get used to not having it now, then try and play catchup later.

[Deleted]

I don't know -- this doesn't seem like this should be any of your business? I think it would be kind of weird for my company to encourage me to invest my money in a certain way, even if that way was smart and in my own interest.

[ECB]

Dec 5, 2012 8:48:24 GMT -5 v said:

I don't know -- this doesn't seem like this should be any of your business? I think it would be kind of weird for my company to encourage me to invest my money in a certain way, even if that way was smart and in my own interest.

When I worked for a financial firm, oh, they absolutely "made it their business". They had meetings that all employee's had to go to about it, and you got a 401k no matter if you contributed or not. When we got our annual bonus - it went directly into our 401k! You could withdraw it, but w/ all the normal penalties, etc.

[limey]

We have these types of investment meetings every year and Wachovia/WF sends a financial consultant out to give a presentation and talk about general strategies.

In 2009, our VP went off on some rant about about how WF received a bailout and the economy was faltering and we were all losing money, blah, blah, blah....I lost the ability to pretend to care part way through his speech, but he made the WF rep feel like it was personally his fault. I'm pretty sure the new hires didn't sign up for a 401k after that.

[pamela]

My company doesn't push it by my supervisor definitely does. In a mentor type way, not a supervisor. I didn't think it was weird at all and I wish more supervisors/experienced workers personally cared enough about young employees to encourage them to properly plan for their future.