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DawnOfZen t1_iyclcm0 wrote

Question: that (1%) is their match or contribution? If they match something in the 401k you so should at least do that. Never turn down free money.

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1hotjava t1_iycn54s wrote

Exactly. It’s part of your compensation, one that lots of people leave on the table

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I_like_to_run__ t1_iycy59v wrote

Almost half of my coworkers don’t contribute to their 401k and refuse to acknowledge that they’re leaving money on the table when I tell them.

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jason_abacabb t1_iydhjm9 wrote

That is such a silly thing, even if you didn't want to save for retirement you could cash it out, pay the penalty and still come out ahead.

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mamamamysharonaaa t1_iyeyq5q wrote

Although contributing to your 401k is always a good thing, a lot of companies have a vesting period and if you job hop often you’ll miss out on it. My match doesn’t vest at all until the 3 year mark which is pretty bad, other companies are similar

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thehardestnipples t1_iyf1ue5 wrote

So if the company provided a 100% match you would contribute 100% of your salary?

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