I am 34, have been with my employer for 9 years and make about 75K a year (70K base salary plus bonuses). I have a pension plan which per my calculation I will become fully vested at age 62. I also have a 401K and they match up to 6% (I contribute the max for matching).
It was recently announced the company will no longer offer pension plans to new employees but those of us with them can keep our pension plan with no changes to what we were promised. New employees will be offered an enhanced 401K plan where the company matches up to 9%. Those of us with pensions can drop our pension and opt to switch over to this plan if we feel it will benefit us more.
How the heck do I calculate which route to take?
Submitted April 25, 2019 at 02:25PM by helpme2decorate http://bit.ly/2VtKSQf
