Posted by Geo-TH,In on August 16, 2017 at 16:07:12 from (172.78.113.102):
In Reply to: Retirement posted by sparktrician on August 16, 2017 at 14:21:08:
My last employer would put money into my retirement fund if I contributed too.
I took an early buyout. Employer also put 40% of my last years salary into a 410k which I didn't have to pay taxes on until I withdrew money.
Not sure if this was a tax advantage for my employer. My last employer was happy to get rid of their older workers who where at the top of the pay scale. It was a win win for both of us. They also paid for my health insurance for 10 years until I could sign up for Medicare.
Three years ago my boy's new employer really wanted his IT security skills. They put $500 a week into his 401K. Again not sure how much a tax advantage it is for his employer, but it's an advantage for my boy, no taxes until he retires and starts withdrawing.
So instead of offering your employees pay increases, which you have to match their SS, putting money into their 401k is an alternative and you to save on their SS contribution. geo
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Today's Featured Article - Hydraulic Basics - Part 2 - by Curtis Von Fange. In the last entry to this series we gave a brief overview of hydraulic system theory, its basic components and how it works. Now lets take a look at some general maintenance tips that will keep our system operating to its fullest potential. The two biggest enemies to a hydraulic system are dirt and water. Dirt can score the insides of cylinders, spool valves and pumps. Wate
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