Submitted by avidd6 t3_zn582i in personalfinance
Recently my wife got a new job and when setting up her 401k I noticed it said her employer match was 25%. I tried looking for the cap but there wasnt any, so I thought this was crazy! She currently doesnt make much money so to max out her 401k she would have to contribute around 40% of her income. But this is obviously way too good to not do it right? Im thinking the right thing to do is convince her to go all in on that 401k. Anyway I was wondering whether this is as rare as I think it is or if its actually fairly common? She works as a health care worker (LVN)