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.