You sound like you know your investing, but let me see if my math is correct.
Pre-TA 401k: 6% of $30K = $1800 you, $900 company, $2700 annually.
Post-TA 401K: 3% of $50K = $1500 you, $1500 company, $3000 annually.
So you put in $300 less, the company puts in $600 more, and that’s just min contribution on your part.
If my math is correct, then how is the 401K a red herring?
(Of course, this only works to ANYONE’S advantage if they stay for 5 years to get full vesting.)
Originally Posted by
Casualinterest
Got two (traditional and Roth) plus a 529 and esa for my daughter. Hsa as well... I'm good haha. I'm just saying, it's easy for guys to get sucked into just contributing 3% now to get the match instead of the 6% before. There's a big long term difference there.
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