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Joined 1 year ago
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Cake day: July 2nd, 2023

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  • Say I have a 50% contribution match from my employer. For every $2 I contribute into my 401k my employer will add their own $1.

    Some employers will force you to contribute a percentage of your paycheck towards your 401k, others will allow you to contribute up to a percentage of your paycheck, not all employers match though and not at the same rate. I believe my employer allows me to contribute up to 60% of my paycheck if I wanted (until the annual IRS limit is reached) but they will only match 50% of whatever dollar amount I send to the 401k account.

    IRS will only let a person add $22,500 in 2023, which means if I max out my contribution my employer will add $11,250 for a total annual contribution of $33,750.

    The IRS will only allow me and my employer combined to contribute $66,000 in 2023 to my 401k. I am unable to hit that $66,000 limit because my employer doesn’t match 293% of my contribution.












  • To use a Reddit example, think of it this scenario:

    Last I recall the most downvoted comment of all time was when a representative from EA said paying $80 to unlock Darth Vader in their recently released Battlefront game was to give players a sense of pride.

    The fact the community was downvoting it with such fervor should have been important feedback to EA. If any platform were to blanket remove posts without review of an overly negative sentiment then EA wouldn’t have known they flew too close to the sun with greed on that comment.

    I do think the idea of downvote removal is a valid one to clear out a lot of garbage, but it removes the community’s voice and could result in easy suppression mechanism of types of content or information by those gaming the system which is why I would vote no on auto-deletion, but maybe leaning yes on triggering review.

    Though in that review there would have to be some guidelines from the mod team in the channel’s sidebar on what content would and wouldn’t be removed. Would a question people where people don’t agree with what is being proposed be deleted even though it’s not a stupid question? That could be an opportunity to learn more. Would a highly racist/sexist/etc question be removed? I’d vote yes, get rid of that troll.

    One last thing on auto-remove: sometimes timezones have differing viewpoints. I clarified some terms that I’m an expert on and most newbies confuse, but I did it at a weird hour of the day for me. I was downvoted pretty heavily for the first 12h of my post, but then it recovered back to zero, then positive. Despite being a worldwide sport different regions have different definitions for the same labels. This is not something any of us in the community had realized until the follow up comments of people coming to my defense which led to a back and forth discovering both sides of the debate were regionally grouped. I still thing my region is right. But that mod review would have been dependent on the mod region, and we may have never gotten an answer, which is why my vote on auto-review is a maybe. I’d want to see a more fully flushed proposal before saying yes.