I've been working at a small, start up type of company (actually the first US branch of a mid-sized European company, but we work very independently from them). They are setting up a 401k this year, and are doing prep work to choose the right one and set it up within their budget.
Today we were asked, "roughly what percentage would you be contributing to a 401k?" Of course, we don't know what the company will match yet, but I would contribute at least enough to get the full company match. Beyond that, I'd have to compare my to my existing Roth IRA.
Is there a wrong answer to this question? I don't want to estimate my contributions too high, and maybe lead them to set a worse company match rate or some other unexpected consequence. It'd of course depend on what they would match. I'm financially in a position where I could contribute to any reasonable company match without it hurting me too much.
Submitted March 16, 2018 at 11:06AM by MasHamburguesa http://ift.tt/2HETvNe
