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

Report problem with this ad

Jul 19, 2017
1:40:53pm

bluecheese All-American

...My wife (who has an accounting degree ) thought that it was 5% of the amount that I contribute. Cougarboard FTW!

Report problem with this ad

bluecheese

Previous username: Speculum
Bio page: bluecheese
Joined: Dec 14, 2004
Last login: May 3, 2024
Total posts: 14,128 (33 FO)

Report problem with this ad

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

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad