24
Feb
Feb
I am not sure if I am contributing enough to my 401k. My employer has matching of 50% of the first 4%. I requested 10.00 is taken out each other week. When I checked my statement, I noticed only 9.50 in my account.
Answer:
You should be contributing an amount equal to 4% of your pay to get the maximum match. That is an immediate 50% return on your money. It is free money.
Usually the match is only added at the end of the quarter, not with each deposit that you make. So all your statement means is that your $10 lost 50 cents in the investment or down 5%. That is about right for what the market did last two weeks.
Check it a few days or a couple weeks after the end of the quarter. Then you’ll see the match.
Answer:
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