My employer matches $.50 on the dollar up to a maximum of 4% of your salary. I have "maxed out" my contributions by putting in as much as the government allows. In the 8 years since taking my current job, that account has grown to just over $100,000.00.
If you put the money in their regularly and invest it sensibly, it DOES grow to very large amounts over time. But you have to contribute regularly and take your employer's matching contribution.
llg
Yes this is so true.
If you don't take advantage of your employer's matching funds this is like turning down free money.
sunnyjohn
2,450 Posts
Yes this is so true.
If you don't take advantage of your employer's matching funds this is like turning down free money.
Make you investments regular and automatic !