Jay
Appearances
Dumb Blonde
TBT: Mod Sun
Because we're going to flip this and be like, welcome to dumb brown hair. We're going
Dumb Blonde
TBT: Mod Sun
You've never heard of Mbop? You're young. You're young. I can already tell.
Dumb Blonde
TBT: Mod Sun
100 fucking percent. Literally, I had a conversation with someone the other night. He's like, you don't know Hanson? All right.
Dumb Blonde
TBT: Mod Sun
call me afterwards i'm like i gotta get past some of this previous manifesting that i've been doing yeah clear the slate told me that like uh 20 years ago clear the slate so if you're jerking off to celebrities you're manifesting celebrities you see that you know so i'm thinking i'm thinking maybe the therapist was wrong about the whole like start of the trauma i think we just actually found the reason
The Ramsey Show
Your Debt Should Make You Uncomfortable
Hello. Merry Christmas. Thank you for taking my call.
The Ramsey Show
Your Debt Should Make You Uncomfortable
Yeah. So I just received a promotion at work and the new compensation package makes me ineligible to contribute to the company 401k plan. So they've offered a different plan Pre-tax dollars, a small match, but it's unqualified. I'm curious what your thoughts are on unqualified plans and if this is the right.
The Ramsey Show
Your Debt Should Make You Uncomfortable
No, they have told me that if the compensation exceeds a certain amount, the plan is not able to be contributed to.
The Ramsey Show
Your Debt Should Make You Uncomfortable
um evidently so so i can't yeah so i can't contribute to the 401k anymore so explain to us what your options are again sure so they've offered a different retirement plan pre-tax dollars a small company match but it's unqualified so it's unfunded uh that gives me pause and i'm curious what your thoughts are on those types of plans and should i contribute what are they invested in do you know
The Ramsey Show
Your Debt Should Make You Uncomfortable
The rate of return is based on a specific bond fund. I don't have that in front of me. Recently in the last year, it was about 5%.
The Ramsey Show
Your Debt Should Make You Uncomfortable
So the new compensation package base is $165,000 with a potential up to $250,000.
The Ramsey Show
Your Debt Should Make You Uncomfortable
It is 50% of the first 6%. 50% of the first 6%. Okay. Okay.
The Ramsey Show
Your Debt Should Make You Uncomfortable
That was my thought, but I was just looking for a second opinion. Thanks for all your info.