NT: Official Personal Finances Thread

i think it means they will give you 3% so 5k * 3% = $150


60% of 5% = 3%
Yea that might be.

Other places I’ve worked have done 50% match of the first 6 or 8% or something like that , was way easier to understand. This job is a good paying job, high quality company so I wouldn’t think they’d be stingy on the 401k match
 
Yea that might be.

Other places I’ve worked have done 50% match of the first 6 or 8% or something like that , was way easier to understand. This job is a good paying job, high quality company so I wouldn’t think they’d be stingy on the 401k match

friscostylez friscostylez is correct - it’s just a dumb way of wording it from an incompetent individual.

Congrats on the job - what’s the role and company?

Few free to DM me - happy to help with the negotiation like I’ve done for a few others on here 🤝
 
I have no where else to share this but in less than 30 days away from fully vesting into my company's cash balance plan. There is already nearly 40k in there guaranteed to grow at 5% a year (sadly I can't control where it's invested but I take no losses so it's not all bad). And once I'm vested and can actually count the money I will basically be earning an additional 500 bucks a pay period (their contribution to the cash balance plan).

I'm also happy to report I will be on year 2 of maxing out both my 401k and HSA. I finally feel like I'm starting to get use to this middle class life.
 
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