Comments on: Is Your 401k Plan & Match Good Enough? https://thefrugalgene.com/401k-good-enough/?utm_source=rss&utm_medium=rss&utm_campaign=401k-good-enough Born To Help You Save Money Wed, 17 Feb 2021 00:57:04 +0000 hourly 1 https://wordpress.org/?v=6.2.1 By: Brian https://thefrugalgene.com/401k-good-enough/#comment-108560 Wed, 17 Feb 2021 00:57:04 +0000 https://thefrugalgene.com/?p=171#comment-108560 Great post! Many people underestimate the importance of a 401k, especially when you’re just starting out in a career. As you get older, you realize how important it is to start early. Like you advised in Consider other options, start an IRA and contribute if your company offered 401k is not up par.

]]> By: Lily https://thefrugalgene.com/401k-good-enough/#comment-9 Thu, 11 May 2017 03:30:07 +0000 https://thefrugalgene.com/?p=171#comment-9 In reply to David.

Holy Fritos! I think you mentioned that somewhere on your blog but it didn’t hit me on the head until now. That is crazy!! We are a little behind in terms of 401K, my husband did not take advantage of it the first 3 years of working and I didn’t have one. Trying to catch up now! *hustle hustle*

David you are still way ahead of the game. Even if you stop contributing for years and just let compound interest do it’s thing.

]]> By: David https://thefrugalgene.com/401k-good-enough/#comment-8 Thu, 11 May 2017 01:54:07 +0000 https://thefrugalgene.com/?p=171#comment-8 My previous employer had an excellent match: 1-to-1 on the first 5% of your salary (including bonuses), plus an additional 5% automatically. After 3 years at my employer, I had saved $100,000. Plus they had incredible funds, my SPX mutual fund had a 0.015% ER.

My new employer doesn’t match, and I can’t contribute for the first 3 months, kind of a pain.

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