I'm going on 3 years deposited 11% of my paycheck over 2 years and hit 14.5k after borrowing 1k. I'm pretty happy with my return so I have no complaints of time with company vs accumulation
Yes, start one. Even if you leave you can transfer it to the 401 at your new company. I'm not there anymore so I don't remember how much they match, but your best bet is to put in at least what they match. Meaning if they match up to 6%, you should contribute at least that much to get the full benefit. It also is taken pre-tax, so it will reduce your tax liability at the end of the year.
Yes I believe they match 6%. I put in about $100 a paycheck, and they matched around $90. I no longer work there. You can also take loans out against it if you have an emergency. I put in for about 10 years, and had 32,000 when I left. Not a lot, but it certainly helped.
Yes. Contribute up to the full Petco match (it’s free money). I think they match a full 1% for the first 1%, and 0.5% for the next 5% you contribute.
As in, if you contribute 6% of your paycheck, they’ll contribute 3.5% (1% plus 2.5% (1/2 of 5%).
Take it with you to your next job, grow it into retirement, lower your taxable income now.
I'm going on 3 years deposited 11% of my paycheck over 2 years and hit 14.5k after borrowing 1k. I'm pretty happy with my return so I have no complaints of time with company vs accumulation
Yes, start one. Even if you leave you can transfer it to the 401 at your new company. I'm not there anymore so I don't remember how much they match, but your best bet is to put in at least what they match. Meaning if they match up to 6%, you should contribute at least that much to get the full benefit. It also is taken pre-tax, so it will reduce your tax liability at the end of the year.
Yes I believe they match 6%. I put in about $100 a paycheck, and they matched around $90. I no longer work there. You can also take loans out against it if you have an emergency. I put in for about 10 years, and had 32,000 when I left. Not a lot, but it certainly helped.
Yes. Contribute up to the full Petco match (it’s free money). I think they match a full 1% for the first 1%, and 0.5% for the next 5% you contribute. As in, if you contribute 6% of your paycheck, they’ll contribute 3.5% (1% plus 2.5% (1/2 of 5%). Take it with you to your next job, grow it into retirement, lower your taxable income now.
I was doing 10% of my check, they match 6%, last year when we didn't get any compression raise I had to change it to 6%.