Today: May 25, 2024 11:13 am

A Piggy Bank

What 401K Contribution Level Should You Choose?

When starting a new job, filling out all the forms can be very confusing. Many do not know how much to contribute to their 401Ks. 401K contributions are generally taken out of your paycheck pre-tax and represent a certain percentage of your gross pay. To determine your contribution, simply review your employer’s benefits plan for the “Employer Match %” in the 401K section. If you have trouble finding it, ask your HR rep. The plan will say something like “Employer matches up to x%,” which means you must set your contribution to at...

Continue Reading