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Syracuse Athletics
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Tyler Ennis released by Los Angeles Lakers
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[QUOTE="CusefanATL, post: 2255671, member: 853"] the pension is half of that if taken out at FIFTY. the 401k gets blitzed if taken out before 59.5. And your 401k matching calcs are also dead wrong. I'll leave that to you to figure out but its basic personal finance and retirement 101. actually I'll jsut tell you - for anyone under 50, the max you can defer in your 401k is currently 18k. It was 17k but we'll just keep it at 18k per year. Even if Kobe Bryant maxed his out, it $360k (again, it certainly less because the max was recently increased) that would have been matched. I would hope 100% would take advantage of maxing it out every year no matter their NBA income - but Ennis would have only gotten 140% of $54k so far. This is exactly the psychological stuff that regular joes like us dont have to understand about working a job that goes from making 1.5 million to a possible 30k the next if he goes d-league. [/QUOTE]
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Tyler Ennis released by Los Angeles Lakers
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