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In response to "Part of me wants to max out my allowed 401K contribution for 2015." by ty97

what does your employer match?

Posted by colin (aka colinski) Dec 4 '14, 13:38

is your Roth IRA maxed already?

Responses:

I don't have a Roth, just my employer 401K. They give 2% automatically and additionally match 1:1 up to 6% - ty97 Dec 4, 13:57
matched and max are often not the same thing/amount in a 401K. -- nm - Diva Dec 4, 13:44 4
- federal gov sets your max contribution per year, right? -- nm - colin Dec 4, 13:45 3
  - IIRC, max is $17500 for 2014 plus $5500 for those over 50. -- nm - Diva Dec 4, 13:48 2
    - Yep and it's 18,000 for 2015. That would be...tough. -- nm - ty97 Dec 4, 13:57 1
      - yonh. -- nm - Diva Dec 4, 14:02
*finger to nose*matched money is free money and 100% return right off the bat -- nm - Beaker Dec 4, 13:39 7
- i really don't understand why people don't at least put in up to the matching amount. -- nm - colin Dec 4, 13:42 6
  - I had it available to me early on. I only took advantage of it a few years later. I still feel stupid. -- nm - Mel Profit Dec 4, 13:48 2
    - I miss my stupid sexy 401k. - groiny Dec 4, 13:50
    - i shudder when i think about all the money iv'e wasted over the years. as long as we learn, all good. -- nm - colin Dec 4, 13:49
  - it's like turning down a raise. -- nm - Andie Dec 4, 13:43 2
    - ...if you were to take the entire raise and put it into savings. -- nm - Max Dec 4, 14:04
    - free money? naaah. -- nm - colin Dec 4, 13:44

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