I'm in a role that doesn't offer a 401K, which is pretty standard in my industry. Understanding this, my employer is willing to negotiate on an amount to be added to my salary to compensate for a lack of the 401K. I want to make sure I'm covering all of my bases and don't short myself.
How can I calculate how much extra salary I should ask for? Let's assume a base salary of $100k. I would contribute 10% of my income to the 401K and a standard match in my industry is $1:$1 up to 3%, so let's use that. (These are not my actual numbers, but for sake of a reddit post and nice, round numbers, let's use these.) What would this calculation look like?
original posted by xhazerdusx to r/personalfinance on Wed, 13 Mar 2024 15:42:52 GMT.