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re: What's your employer contribution to your 401K?

Posted on 9/26/17 at 6:29 pm to
Posted by lnomm34
Louisiana
Member since Oct 2009
12663 posts
Posted on 9/26/17 at 6:29 pm to
quote:

50¢ for each $1.00 contributed by the employee; up to 5 % of your base salary. Is this a crappy plan? I just graduated and got hired and this is there 401k plan


It's pretty crappy if you're a professional. But having a plan is better than a lot of folks. Contribute as much as you can now, increasenit when you get raises, don't take any money out, and don't stop.

ETA: Wait. Are you being facetious? I remembered you posted the info below recently. Hopefully you didn't buy a $43,000 vehicle while in college.

quote:

Bought a new 2016 in 16' for 43,000.
This post was edited on 9/26/17 at 6:32 pm
Posted by LittleAce
Member since Jul 2017
22 posts
Posted on 9/26/17 at 6:50 pm to
quote:

ETA: Wait. Are you being facetious? I remembered you posted the info below recently. Hopefully you didn't buy a $43,000 vehicle while in college.


lol sorry, actually some family bought/gifted us that vehicle.
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