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Sorry if that was unclear. I do value retirement savings and understand the advantage of a pre-tax retirement contribution. What I mean to say is that salaryX
by spcelzrd 10y ago
Sorry if that was unclear. I do value retirement savings and understand the advantage of a pre-tax retirement contribution.
What I mean to say is that salaryX + 3% 401k match is not as valuable as salaryX + 50% salaryX with no 401k match.
The extra salary you need to ignore a lack of 401k can be debated, but at some salary, I just don't care.
- brianwawok 10y agoThe nice part about the match is it let's you get past the 401k contribution limit. YOU can only contribute something like 18k to your 401k, but your total 401k contribution can be much higher (~50k). So if YOU hit your 18k limit, the match is free 401k that you cannot get in another way.