I will also add that you should do everything you can to take full advantage

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Jul 19, 2017
1:39:21pm

crack All-American

of employer matches. It is the closest thing to free money that you can find.

This message has been modified

Originally posted on Jul 19, 2017 at 1:39:21pm

Message modified by crack on Jul 19, 2017 at 1:41:14pm

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crack

Bio page: crack
Joined: Nov 17, 2005
Last login: May 2, 2024
Total posts: 42,340 (119 FO)

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Messages

Author

Time

Question about matching funds from employers for retirement...

bluecheese

7/19/17 1:36pm

5% of income

Mexicougazul

7/19/17 1:36pm

In your example, it is usually $5k

crack

7/19/17 1:36pm

I will also add that you should do everything you can to take full advantage

crack

7/19/17 1:39pm

if by closest thing to free money, you mean it IS free money, then I agree.

fulano

7/19/17 2:03pm

If they match less than the percentage you put in

jbcoug

7/19/17 1:37pm

Depends they may say they will match 1/2 of your contribution up to 5%.

Baron

7/19/17 1:38pm

Almost always it's they contribute whatever you cotnribute basically

cougarfann888

7/19/17 1:39pm

Thanks for all the responses. That is what I thought...

bluecheese

7/19/17 1:40pm

Does your employer offer an after-tax 401k? We have one and I love it.

Bert609

7/19/17 1:46pm

For me it's 100% of my contribution up to 6% of

Bert609

7/19/17 1:42pm

They will match your contribution up to 5% of your salary.

SoValleyCOUG

7/19/17 1:49pm

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