Take the company match?

I just heard this question asked again…. as a new employee, should I contribute to the company 401(k) or company pension, in order to get a company match?

This head-shaker is easy: YES.  For the avoidance of doubt, my strong opinion is:

  • Contribute at least as much as required to receive full match.
  • From there, consider contributing more: I have read in several places (Rational Expectations among them) that young folks need to contribute about 20% of salary to feel reasonably confident of a retirement in their late-60s.
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