Thursday, February 16, 2012

The TAG 401(k) Plan

Since we're on an investment roll ... here's a handy tutorial -- narrated by moi -- of The Animation Guild's 401(k) Plan.

I'm in the midst of 401(k) enrollment meetings today. After the Cartoon Network meet ended, a couple of us fell into conversation about animators making a living in the biz.

I mentioned how most of the long-timers* at Disney (the Nine Old Men and others) didn't make huge salaries week-to-week, but made good salaries steadily over a looong span of time. This is really the secret. If you can manage to work most of each year, and live below your means, you should be able to sock money away for retirement.

And actually enjoy some sort of retirement, rather than being a greeter at the local Wal-Mart.

* Many long-timers received stock options. This made people rich, but others who didn't get those benefits ended up comfortably well off, too.


Anonymous said...

Type the two words? More hoops?

So. Did the artist who drew the cartoon panels on this video tutorial get pay based at at-least Union Minimum Wage, and did he or she have said contributions placed into account?

Steven Kaplan said...

Yes. I did all the artwork and animation. I am paid as an Asst. Animator and am a non-affiliate member of the Health and Pension Plans.


Steven Kaplan said...


I did all the editorial and creation/addition of materials in the video. The hand-drawn panels in the enrollment book were done by Tom Sito.

Tom was commissioned to do those panels. As he was freelance and working outside a union contract, his payment did not include Health and Pension contributions.

Steve Hulett said...

Sito got paid per piece for the work. Mass Mutual liked his stuff. It's not only used on the 401(k) enrollment book, but in mailers that go out to members.

(Tom has been doing artwork for the guild for years. Most recently Tom boarded on the Warner Bros. theatrical shorts directed by Matt O'Callaghan. He is also a full-time professor at USC.)

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