hi everyone :) excited as i'm starting my first full time job and make plans for investing/retirement. If my base pay is $4160 gross a month can anyone explain with apples how my 401k match would work? I have been investigating but is isn't quiet clear yet.
My employer's match is the following: "company will contribute an amount equal to 50% of employee contributions up to the first 6% of employer salary". My company has a 100% vesting policy if that is important.
With that being said, does that mean I choose to contribute $200 a month my company matches $400 until I put more than 6% of my annual income?
Thanks!
original posted by One-Description-2301 to r/personalfinance on Sat, 30 Mar 2024 15:58:29 GMT.