SMU to cut $35mm through layoffs etc

by **PonySnob** » Tue Aug 25, 2015 9:00 am

Supposedly the final round of layoffs was announced yesterday.

by **DanFreibergerForHeisman** » Tue Aug 25, 2015 10:54 am

PonySnob wrote:Supposedly the final round of layoffs was announced yesterday.

Nice timing!

by **whitwiki** » Tue Aug 25, 2015 11:58 am

Lol you're fired and your 401k is about to be worthless

by **couch 'em** » Tue Aug 25, 2015 12:03 pm

401k is a scam

by **mrydel** » Tue Aug 25, 2015 12:12 pm

Yeah. I tell mine I hate it every day. But soon it will be taking care of me.

by **smusportspage** » Wed Aug 26, 2015 1:41 pm

couch 'em wrote:401k is a scam

Uhhh, not so much.

by **couch 'em** » Wed Aug 26, 2015 1:45 pm

smusportspage wrote:
couch 'em wrote:401k is a scam

Uhhh, not so much.

yes. It is like condoms. Everyone talks a big game but nobody can actually follow through enough to fully protect you.

by **gostangs** » Wed Aug 26, 2015 2:29 pm

If you don't fully fund your 401 you are a knucklehead.

by **mrydel** » Wed Aug 26, 2015 2:32 pm

couch 'em wrote:
smusportspage wrote:
couch 'em wrote:401k is a scam

Uhhh, not so much.
yes. It is like condoms. Everyone talks a big game but nobody can actually follow through enough to fully protect you.

If the condom breaks it is the condoms fault. If you do not follow through on a 401k it is the contributors fault.

by **whitwiki** » Wed Aug 26, 2015 4:38 pm

Yeah not sure I'm following why 401k is bad. Especially if your employer matches...

by **smupony94** » Wed Aug 26, 2015 5:47 pm

Talking to my 26 year old cousin is fruitless. His employer matches up to 8% and he doesn't understand why he should contribute

by **Mestengo** » Wed Aug 26, 2015 5:52 pm

gostangs wrote:If you don't fully fund your 401 you are a knucklehead.

Where else can you make 100% on your money and do jack s***
Anyone that doesn't jump on that deserves it but I think companies know people are stupid

by **mrydel** » Wed Aug 26, 2015 6:36 pm

smupony94 wrote:Talking to my 26 year old cousin is fruitless. His employer matches up to 8% and he doesn't understand why he should contribute

If I had done it right at 26 I would have retired at 50. Timing it out now to retire next year.

by **couch 'em** » Wed Aug 26, 2015 6:45 pm

mrydel wrote:
couch 'em wrote:
smusportspage wrote:[quote="couch 'em"]401k is a scam

Uhhh, not so much.
yes. It is like condoms. Everyone talks a big game but nobody can actually follow through enough to fully protect you.

If the condom breaks it is the condoms fault. If you do not follow through on a 401k it is the contributors fault.[/quote]
Being facetious. Although I know several who really run around saying that despite cush matching.

by **SoCal_Pony** » Thu Aug 27, 2015 12:09 am

couch 'em wrote:401k is a scam

Sadly, in this particular case, Couch'em is wrong

SMU to cut $35mm through layoffs etc

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