Passing Up Free 401(k) $$$

[mtblujeans]

This article addresses (the fact) that "nearly a third of American workers fail to take advantage of 401(k) plans" even when employers also contribute to the plan. Do you contribute to a 401(k) each year?

Passing up 401(k) money

 

[ZachnElli]

Yes, we do it monthly, but dh's employer doesn't kick in anything.

 

[lillygator]

absolutely I contribute....

free money I am there!

 

[froglady]

Yes, we do it monthly, but dh's employer doesn't kick in anything.

Same with DH's employer. (I'm a SAHM) But when you consider that it's PRE-TAX money, and we're in a high tax bracket, it beats anything else out there, even before it earns anything.

 

[Bob Slydell]

DW and I usually max out our contributions. My employer currently doesn't match, DW's does.

 

[jody]

Yes but my employer doesn't match. We have an automatic 3% safe harbor contribution and profit sharing instead.

 

[BARBARAAPPLE]

Yes And My Company Matches Dollar For Dollar Up To A Certain Amount

 

[Christine]

Yes, I am "maxed" out on my 401K. My employer matches 50 cents for each dollar contributed up to 6% of your salary. Free money plus a great tax shelter for now.

 

[oogieboogie]

Yes, absolutely.

Company matches 100% up to 4% then additional 50% up to 6%

 

[crazelion]

Can't afford to everything go to bills that have be paid.

 

[BillSears]

I'm currently up to 7% a year and hope to take it up to 10% over the next couple of years. My employer doesn't do matching but I want to save it anyway.