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401K with Matching!

December 4th, 2017 at 01:10 pm

Husband's job is going to be offering 401ks with Vanguard in 2018! How exciting!

Also, they will 100% match contributions up to 3% and 50% match up to 5%.

For now I think we are going to start with 3%. They said you can change the amount at any time. So once our budget crisis is over hopefully we can up it to 5%.

With this 401k I'm not sure if they are doing away with profit sharing then? I kind of hope not. Because on average they have contributed about $2,000 a year. If they do 3% contribution matching they will only be giving us about $1,000 a year. Ugh. BUT at least it will be with Vanguard and accessible. Right now the profit sharing is all very sketchy. We don't know where the funds are and have no way to track them. They just give us a statement of what we have once a year. It doesn't really feel like our money.

2 Responses to “401K with Matching!”

  1. livingalmostlarge Says:

    no excuses you need to do 5%. What is the budget crisis? If it is paying down the mortgage any faster no. 5% off the bat it's like a free coupon you are tossing in the trash.

  2. rob62521 Says:

    That's great! So glad it is being offered to you.

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