Hello PF!!
Most likely a simple question, just looking for some of your ideas. I work for the mayo clinic, who up to this year, was offering a 4% company match to our 401k, however has now cut that match to 0% and started a pension. The pension is 2% of employees yearly income for up to 30 years- this number would turn into my annual pension.
My question- Now that our employee match is 0%, does it make sense to keep my contributions at 10% of my income? Would it be fair to throttle them down to 5%, and rely on the pension? Another option would be taking them down to 5%, and starting a Roth IRA through Vanguard and contributing the other 5%. My yearly income is around 80k.
Thanks for reading, hope this all makes sense!
Submitted May 07, 2018 at 10:23AM by Renny5199 https://ift.tt/2FQMDLu
