Reddit 401k Contribution Fully Employed Part Of The Year

Webthe $14,000 you put in the ira is costing you an extra (insert times tax rate here) probably $3k a year in savings. I don’t get my employer match until a year after working, but my employer contributes 10% of my salary every year regardless (it’s only fully vested after 6 years). The path may depend on your employer's plan offerings if it allows it at all.

Note that there may be tax implications depending on your situation. I'd kick up you contribution to 10%, just to. My base salary is 87,000 but i am a part of a program where i get 5% raises every 6 months. Webyou contribute 6% into your 401k, to get your employer to put in the full 5% match.