15% provident fund Q
Hello all,
Question for a potentially NA based fr8ter guy. I heard that most guys take the 15 % as cash. Is that 15 % of $5400? So, an extra $800 a month (6200 mos. base salary + prov..correct?) Second Q, why do most folks in NA take the 15 % as cash. Somebody said their was a disadvantage to having the "company" invest it for you..??? Is that how it works? I also heard that they can take it away from you at any time for no reason...WHAT?! Could someone please explain the two different 15 % options, and why I should do one over the other. Any other CX retirement thoughts also welcomed.