Reply to Do you colleagues/friends talk about money? Ever surprised by what you hear?

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[quote=Anonymous][quote=Anonymous]When I started my job, a person starting the same day as I did made the point of telling me that we were automatically enrolled in the TSP program at 3%, so if I didn't want to participate, I should call so and so because that's what he was doing to disenroll.

I was like..."why would I not participate and at least get the match?"

he said, "that's a lot of money you could be spending now."

What's scary is that he's about 20 years older than me.  [/quote]

Lol. Reminds me of a friend who spent 5 yrs in biglaw and NEVER started a 401k. Somewhere towards the end of her tenure - like in the last 2 months - the firm instituted a program that automatically enrolled associates into the 401k for a small % - if you weren't contributing, you'd automatically be enrolled for something like 2 or 3%. She LOST her $hit trying to disenroll bc it was HER money and how dare the firm take HER money (for the 4 firm paychecks she had left since she was ready to resign anyway). No amount of convincing would get her to see that if they put 2-3% of her money in Fidelity for her, that would still be HER money, just not in liquid, spend it on Saturday night - form.[/quote]

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