Basically the title.
I just started my first full time job out of college and my company offers 4% 401k contribution as well as a 4% match. This means of I contribute 0%, I get 4% of my salary in a 401k from the company, not my paycheck. If I contribute 4% from my paycheck, I get an additional 8% from the company through their contribution and the match. If I'm trying to get to that "magic" 15% yearly retirement savings number, should it be 15% from my paycheck or 7% from my paycheck and 8% from the company?
Standard info: 22yo, ~$80k salary, $25k student loans, no other debt, low COL
Submitted July 10, 2021 at 07:55AM by ISAIDPEWPEW https://ift.tt/36vQc9L
