Sentences with phrase «after getting the employer match»

Not exact matches

Traditional IRAs are particularly useful for people who don't have retirement plans at work (although many people have both a 401k and an IRA; they open IRAs after they have put enough money into their 401ks to get their employer match).

After you've contributed enough to get the biggest employer match possible, you can either continue contributing to your 401 (k) or contribute to an IRA.

There's one caveat: If your employer offers a 401 (k) match, Thrasher recommended funding it to get the employer match and then using a Roth IRA after.

Even after you've gotten the employer match — and even if your investment choices are limited, which is one of the main drawbacks of workplace retirement plans — a 401 (k) is still beneficial.

Without getting into the nuts and bolts of the test (more information here https://www.irs.gov/retirement-plans/401k-plan-fix-it-guide-the-plan-failed-the-401k-adp-and-acp-nondiscrimination-tests), generally speaking, it includes Employer Matching Contributions AND Employee After - Tax Contributions (if a plan allows for them).

Personally, I only contribute to 401k enough to get full employer matching, and then I prioritize HSA, IRA, after those, some people like to go back to 401k to max, but I prefer other investments.

But since you can never know what they want or what type of person they want (you'd be amazed at how different employers can be in what they think makes a good match), your best bet is to just breathe a deep sigh of relief after you leave the interview, congratulate yourself on doing the best you could, and then just get on with enjoying your life.