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Technology Stocks : IBM -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (5124)	5/5/1999 10:24:00 AM
From: Charles Tutt	Respond to of 8218

Can I come to work for your company?!

To: TigerPaw who wrote (5124)	5/5/1999 11:24:00 AM
From: George W Daly, Jr.	Read Replies (1) \| Respond to of 8218

Sorry, I guess my post was pretty misleading in that I was just talking about the initial contribution IBM is making. They will also add from 5 to 9 % of your salary per year to that account, depending on age and years of service, in addition to the interest rate. So if your wife has 18 years and would work 12 more there will be a lot more than $25K in the account at retirement. If she is within 5 years of eligible retirement now then she could retire under the existing plan, which sure looks to me to be the way most people in that situation would want to go. I actually very much like the concept and the features of the plan, that you can take the money with you and roll it over to IRAs etc, I'm just not thrilled with being tied to the t-bill rates and the initial contribution amount. I never believed the exotic rumors but thought it would be perhaps twice what its actually turning out to be. GW