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401k - Love it!

May 15th, 2015 at 01:53 pm

My work matches $3 for $1 for the first 1% of my contribution to the 401k. After that, up to 4%, they match $1 for $1.

So essentially, for 4% contribution, I get 6% match. I currently save 12% of my income into the 401k, and with the match, its 18% of my income. I like that!

Since its pre-tax, I'm not even aware of the money not coming into my pocket. Plus seeing my Retirment Account balances increase, makes me very very happy!

Posted in Savings | 5 Comments »

5 Responses to “401k - Love it! ”

  1. creditcardfree Says:
    May 15th, 2015 at 02:03 pm 1431695036
    1431695036

    That is a great match!

  2. CB in the City Says:
    May 15th, 2015 at 02:24 pm 1431696285
    1431696285

    That's really nice!

  3. Dido Says:
    May 15th, 2015 at 05:58 pm 1431709135
    1431709135

    What a nice employer benefit--glad you have the opportunity to milk it!

  4. Tabs Says:
    May 15th, 2015 at 09:49 pm 1431722960
    1431722960

    That match is amazing.

  5. FrugalTexan75 Says:
    May 17th, 2015 at 12:14 am 1431818062
    1431818062

    That is a good match! My employer's match is one of the reasons I'm hesitant to look elsewhere (9%) not too many places have 6% and higher matches ...

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