4.6 • 682 Ratings
🗓️ 24 November 2023
⏱️ 6 minutes
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0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. What's going on? |
0:08.0 | Hey, so I have a question. I'm 20 years old, and I do travel construction work, and my company has a |
0:15.5 | 401k type plan, not exactly a 401K. I'm not sure what they called it, but they decided to cancel it and actually handed me |
0:24.2 | everything that I contributed this morning. |
0:27.0 | And I was wondering what I should do with that money. |
0:30.6 | I'm on step two. |
0:31.8 | I recently just started the plan. |
0:33.2 | A friend recommended it to me. |
0:35.5 | I got the $1,000 last week, and now I'm, yeah, so I'm looking to see |
0:40.8 | what to do with that money. Awesome. How much is it? So it was a 20, every $20 you put in, |
0:48.4 | they only put in 10. So until I got my debts paid, I was only putting in about $40 a week. So it's |
0:54.0 | only $800. |
0:55.7 | Okay. |
0:56.2 | And what's your debt total? |
0:58.0 | Did they keep their match? |
0:59.3 | Did they just keep their money? |
1:01.3 | So it was a, it's like this deal where until 15 years, you're not 100% vested, and I was only. |
1:07.6 | Until 15? |
1:08.9 | 15 years? |
1:12.6 | Yeah. And you're still with this company? Yeah, you work for the mob? |
1:14.6 | Well, I'm only about a year in with this company. |
1:18.6 | I'm 20 years old. |
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