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401k - Love it!

May 15th, 2015 at 05:53 am

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!

5 Responses to “401k - Love it! ”

  1. creditcardfree Says:

    That is a great match!

  2. CB in the City Says:

    That's really nice!

  3. Dido Says:

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

  4. tabs Says:

    That match is amazing.

  5. frugaltexan75 Says:

    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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