$22.5K if only you and $66K in you/employer is not enough?
https://www.investopedia.com/retirement/401k-contribution-limits/
Doug Fuerst
[email protected]
------ Original Message ------
From "Wayne Bickerdike" <[email protected]>
To [email protected]
Date 2/13/2024 14:12:28 PM
Subject Re: IBM Reopens Its Frozen Pension Plan, Saving the Company
Millions
Looks like they are reverting to a Defined Benefit scheme. I never received
anything from IBM after my employment with them in the 70's.
The 401K contribution limits are too low to ensure a comfortable
retirement.
On Wed, Feb 14, 2024 at 5:38 AM zMan <
[email protected]> wrote:
"The company has stopped making contributions to 401(k) accounts, and
instead gives workers cash credits in a new version of its old pension
plan."
https://www.nytimes.com/2024/02/09/business/ibm-pension-plan.html
(login required but surely will be elsewhere as well)
IBM plays more financial engineering games.
--
zMan -- "I've got a mainframe and I'm not afraid to use it"
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Wayne V. Bickerdike
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