BlueDoe1775 OP t1_j6p6xav wrote on January 31, 2023 at 10:31 PM Reply to comment by Spiritual_Jaguar4685 in 401k Noob Question - by BlueDoe1775 I just got word back that they match 35% of whatever I put in, once a year. Does that sound normal? Like if I put in $10,000 a year, they'll put in $3,500. Does that mean I should max it out if I can afford that? Permalink Parent 1
BlueDoe1775 OP t1_j6oiut8 wrote on January 31, 2023 at 8:01 PM Reply to comment by PolarisB in 401k Noob Question - by BlueDoe1775 Thank you so much!! I just asked HR about the matching question. It's hard to put into words but I will get to the bottom of it Permalink Parent 1
BlueDoe1775 OP t1_j6ohbqf wrote on January 31, 2023 at 7:52 PM Reply to comment by Spiritual_Jaguar4685 in 401k Noob Question - by BlueDoe1775 This is exactly what I will do, thank you! I chose FSKAX for my Roth IRA, is it suggested to invest in different things for the Roth IRA or keep it all dumped into one fund? I'm going to try my hardest to max it out after I pay off my debts! Permalink Parent 1
BlueDoe1775 OP t1_j6odjaw wrote on January 31, 2023 at 7:28 PM Reply to comment by Spiritual_Jaguar4685 in 401k Noob Question - by BlueDoe1775 Oh my goodness, thank you so much for taking the time to write this out. I truly appreciate it. If I wasn't in debt, I would give you gold, haha! I'm not a high earner (yet) and make $52k pre tax so I don't think I'll reach that threshold super soon. I will send an email right now about the match because yes, the 35% on it's own just doesn't make sense to me. I'll keep my 401k in that mutual fund for now as 2055 is approx retirement age for me. Again, thank you so much! I will come back to this comment when I am confused. Permalink Parent 1
401k Noob Question - Submitted by BlueDoe1775 t3_10q7h73 on January 31, 2023 at 7:06 PM in personalfinance 9 comments 2
BlueDoe1775 OP t1_j6p6xav wrote
Reply to comment by Spiritual_Jaguar4685 in 401k Noob Question - by BlueDoe1775
I just got word back that they match 35% of whatever I put in, once a year.
Does that sound normal? Like if I put in $10,000 a year, they'll put in $3,500.
Does that mean I should max it out if I can afford that?