Many people struggle with high inflation and reduce 401k to increase paycheck. Smart move from them to increase to 7% match up to catch up 2023 knowing thousands of employees cannot increase. So disappointed
4 replies (most recent on top)
Looks like you are too hard to please: no match you cry, fantastic 7% match you cry too
Only reason to have a 401k these days is for the match.
Otherwise, its earnings are greatly eroded by the "ADMINISTRATION FEE" and "BOOKKEEPING FEE."
If you are only putting 5% into your 401k, then you need to massively improve your financial acumen.
Is not mandatory to take 7% match. You can buy sat 1% a day they will match 1%.
Is also OK if you don't participate in 401k, nobody forcing you