Question 1

How much should I contribute to my 401k?

Accepted Answer

Financial experts recommend contributing at least enough to get your full employer match (typically 3-6% of salary). Ideally, aim for 10-15% of your gross income.

Question 2

What is employer 401k matching?

Accepted Answer

Employer matching is when your company contributes money to your 401k based on your contributions. Common matches are 50% or 100% of your contribution up to 3-6% of your salary.