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As in my other comment, I mis-read the contract details. They will contribute only 2% and I am able to myself contribute 2-15% (isn't this the same as just savi

• EADGBE 8y ago
  > Isn't this is the same as just saving myself? Yes, it is. Though you'll more than likely see returns much higher than a standard (but safe) savings account will give you. You'll also get that 2% float on top of free money. 2% still isn't bad. Free is free, as I said. In my particular case it's only 5% (best case): 50% match up to the first 10%. So if I contribute 1% of my pay to it, I'll get a .5% match. If I contribute 10% to it, I'll get a 5% match. I can contribute more but I'll only ever get that 5%. In your case, this is good compared to my situation in that you don't have to contribute 4% to get that 2% match, you can contribute even just 2%. This is in the US FWTW. It's a pre-tax situation. I don't pay taxes on my contributions or my employers contributions; but I do when I withdraw them (earliest I can start withdrawing is age 59-1/2. The assumption is that when I start withdrawing, my tax rate will be lower than it is now so I'll still "come out ahead".