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100% 401k match with no cap : personalfinance

December 31, 2023
in Personal Finance
Reading Time: 1 min read
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100% 401k match with no cap : personalfinance

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For context I am a 22 12 months outdated software program engineer. I’ve a possibility to work at an organization that does not pay in addition to different firms beginning out (perhaps 10-20k much less yearly wage), however they make up for it with advantages like 100% 401k with no restrict. I consider the 401k cap for subsequent 12 months is 23k, so if I put in 23k my boss will match it and I am going to find yourself with 46k. Is that this job supply a no brainer? I used to be considering of sticking with this job for no less than 4 years and construct up my 401k to round 200k. Though it may be a tough 4 years maxing out my 401k, I consider I will be setup for retirement by 26 and have a pleasant security web

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