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oovvvie007 t1_jcajj7y wrote

Reply to comment by Hazel1928 in Filing my part-year resident taxes, and realized that Pennsylvania is truly hell on earth by [deleted]

Sure do. They also provide 401k and Roth. They match those as well. I am very lucky.

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Hazel1928 t1_jcajwpi wrote

Wait, they give a defined benefit pension just based on years of service, plus they match 401K and Roth contributions? That’s pretty amazing. Is it like a small tech startup that needs to hire geniuses?

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oovvvie007 t1_jcak8gv wrote

Yes they sure do!!! Nope, banking industry!! Not tech at all.

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Hazel1928 t1_jcatgzd wrote

What percentage of your holdings are from accounts larger than 250K?

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oovvvie007 t1_jcauij3 wrote

Not sure how to answer this question? I'm just a baseline call center agent. it's all held from my paycheck, hope that makes sense. It's not pulled from an account?

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Hazel1928 t1_jcc1wa2 wrote

Oh, you may not have access to that information. I was referring to the failed bank in Silicon Valley. The FDIC guarantees all deposits up to 250 K. So the consumer can know that even if their bank fails, deposits up to 250K are safe. Apparently, that bank had 93% of their accounts over 250K. But we are bailing them out after all. Supposedly it’s not the government (ie taxpayers) that are bailing them out, but it’s the banks (ie customers) who are bailing them out. But I think the banking sector is safe. We won’t let it fail.

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