\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

GC already coming for my 401k, hehe.

A few months ago I realized I could just shunt all my contri...
Just wants a hug.
  10/12/17
Straight nothing man - they are providing you no service. ...
Refunkulus
  10/12/17
Ha ha, you're fucked. Even if you're 100% right, are you go...
Thanks Mario! But our partner is in another castle
  10/12/17
The real q is whether they are going to go to arbitration ov...
Just wants a hug.
  10/12/17
If they take your $40 with work's complicity, you're the one...
Thanks Mario! But our partner is in another castle
  10/12/17
There's also a lot of other bullshit that goes on. It's a...
Refunkulus
  10/12/17
Pensions have their own issues. "Fired three days befo...
Thanks Mario! But our partner is in another castle
  10/12/17
Just change jobs every couple years and roll it into your IR...
Buck "The Club" Paulette
  10/12/17
...
longwangpoontang
  10/12/17
Here we go: _____ Hello [JustWantsAHug], Thank you...
Just wants a hug.
  10/12/17
Wait, "self-directed?" As in, trading individual ...
Thanks Mario! But our partner is in another castle
  10/12/17
The money goes to a custodial Schwab account, and then I buy...
Just wants a hug.
  10/12/17
http://xoxohth.com/thread.php?thread_id=3735127&mc=2&...
alzabo
  10/12/17
66445689754
Insane right-wing gun nut
  10/12/17
...
Just wants a hug.
  10/12/17
opt out of the 401k scam
Wilbur Mercer, low income poaster
  10/12/17
Well, I don't get the match if I do that, so even with this ...
Just wants a hug.
  10/12/17


Poast new message in this thread



Reply Favorite

Date: October 12th, 2017 10:35 AM
Author: Just wants a hug.

A few months ago I realized I could just shunt all my contributions to a Schwab account and just buy low-cost index funds instead of the 1% baked in fee shit they offer me through the optimized for Netscape Navigator website they have.

Got this email today from office manager:

_________

Hello,

I wanted to send a quick note along to you.

A team member needs to liquidate some of their assets so we can take the quarterly fee.

-[JustWantsAHug] needs $40.00 liquidated

Thank you so much!

________

There's no mention of a quarterly fee in the prospectus I was given, and even if there is, what service are these bloodsuckers providing me?



(http://www.autoadmit.com/thread.php?thread_id=3761855&forum_id=2#34424296)



Reply Favorite

Date: October 12th, 2017 10:36 AM
Author: Refunkulus (never count out a MUSCLE NUT)

Straight nothing man - they are providing you no service.

Take all your shit out of that account and roll it into something else

(http://www.autoadmit.com/thread.php?thread_id=3761855&forum_id=2#34424303)



Reply Favorite

Date: October 12th, 2017 10:38 AM
Author: Thanks Mario! But our partner is in another castle ( )

Ha ha, you're fucked. Even if you're 100% right, are you going to sue over $40? Or, more likely, go to "arbitration" over $40?

The linking of 401(k)s to employment is a massive public policy disaster. To the extent 401(k)s are good public policy (which I have my doubts about), you should be able to make your own with Vanguard/Fidelity/etc. Linking the primary vehicle for retirement savings with the shitty choices made by your HR department is insane.

(http://www.autoadmit.com/thread.php?thread_id=3761855&forum_id=2#34424325)



Reply Favorite

Date: October 12th, 2017 10:41 AM
Author: Just wants a hug.

The real q is whether they are going to go to arbitration over $40.

(http://www.autoadmit.com/thread.php?thread_id=3761855&forum_id=2#34424345)



Reply Favorite

Date: October 12th, 2017 12:22 PM
Author: Thanks Mario! But our partner is in another castle ( )

If they take your $40 with work's complicity, you're the one going to arbitration lol.

(http://www.autoadmit.com/thread.php?thread_id=3761855&forum_id=2#34425215)



Reply Favorite

Date: October 12th, 2017 10:43 AM
Author: Refunkulus (never count out a MUSCLE NUT)

There's also a lot of other bullshit that goes on.

It's a fucking disaster WRT to the shift from Pensions to 401k

(http://www.autoadmit.com/thread.php?thread_id=3761855&forum_id=2#34424353)



Reply Favorite

Date: October 12th, 2017 12:22 PM
Author: Thanks Mario! But our partner is in another castle ( )

Pensions have their own issues. "Fired three days before his pension vested" is a media trope for a reason, as is losing the pension because the company goes under.

(http://www.autoadmit.com/thread.php?thread_id=3761855&forum_id=2#34425220)



Reply Favorite

Date: October 12th, 2017 12:22 PM
Author: Buck "The Club" Paulette

Just change jobs every couple years and roll it into your IRA

(http://www.autoadmit.com/thread.php?thread_id=3761855&forum_id=2#34425216)



Reply Favorite

Date: October 12th, 2017 1:13 PM
Author: longwangpoontang



(http://www.autoadmit.com/thread.php?thread_id=3761855&forum_id=2#34425652)



Reply Favorite

Date: October 12th, 2017 12:18 PM
Author: Just wants a hug.

Here we go:

_____

Hello [JustWantsAHug],

Thank you for reaching out. Attached you will see the form you referenced, ERISA Section 404(a)(5).

Please see on page 3,

Other Fees

Self Directed Brokerage Account - $160.00

$160 is the annual amount, $40 is taken quarterly.

For us to take the fee out every quarter you need to leave at least $40 in cash.

Thank you,

[Bloodsucker]

________________________

This is (a) not the form I was provided with and (b) I am not seeing anything that suggests that is a repeating fee and (c) WHY ARE YOU GETTING THIS MONEY?



(http://www.autoadmit.com/thread.php?thread_id=3761855&forum_id=2#34425160)



Reply Favorite

Date: October 12th, 2017 12:22 PM
Author: Thanks Mario! But our partner is in another castle ( )

Wait, "self-directed?" As in, trading individual stocks within your 401(k)? Is that something you have been doing rather than just sticking with the plan options?

(http://www.autoadmit.com/thread.php?thread_id=3761855&forum_id=2#34425211)



Reply Favorite

Date: October 12th, 2017 12:23 PM
Author: Just wants a hug.

The money goes to a custodial Schwab account, and then I buy ETFs every month and rebalance as needed. I don't buy individual stocks.

(http://www.autoadmit.com/thread.php?thread_id=3761855&forum_id=2#34425232)



Reply Favorite

Date: October 12th, 2017 12:23 PM
Author: alzabo

http://xoxohth.com/thread.php?thread_id=3735127&mc=2&forum_id=2

(http://www.autoadmit.com/thread.php?thread_id=3761855&forum_id=2#34425229)



Reply Favorite

Date: October 12th, 2017 12:52 PM
Author: Insane right-wing gun nut

66445689754

(http://www.autoadmit.com/thread.php?thread_id=3761855&forum_id=2#34425494)



Reply Favorite

Date: October 12th, 2017 1:09 PM
Author: Just wants a hug.



(http://www.autoadmit.com/thread.php?thread_id=3761855&forum_id=2#34425621)



Reply Favorite

Date: October 12th, 2017 1:10 PM
Author: Wilbur Mercer, low income poaster (Short Pride World Wide)

opt out of the 401k scam

(http://www.autoadmit.com/thread.php?thread_id=3761855&forum_id=2#34425630)



Reply Favorite

Date: October 12th, 2017 1:12 PM
Author: Just wants a hug.

Well, I don't get the match if I do that, so even with this nonsense I have to at least contribute up to that.

(http://www.autoadmit.com/thread.php?thread_id=3761855&forum_id=2#34425643)