So I have been using an IRA for my retirement and decided to look into also opening a roth 401k with my employer. I was browsing through their benefits programs and saw it said that they match 10%. I thought this was pretty good, but decided to email HR to be sure this meant they matched 100% up to 10% of my salary as that is what I took it to mean.
Apparently this means they match 10% of what I put in. So if I contribute, say, $4,000 a year that means they will contribute $400. This sounds horrible to me but I haven't actually bothered with an employer 401k at any of my jobs since I've just been maxing my own account. Is this terrible and should I not even bother?
Submitted May 28, 2018 at 10:07AM by Xander756 https://ift.tt/2Jfz8eg
