Comments on: “If Your Employer Matches… Get That FREE MONEY Y’all!” https://eliteedgemoney.com/if-your-employer-matches-get-that-free-money-yall/ Money | Minimalism | Mohawks Fri, 17 Dec 2021 20:17:16 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Joel https://eliteedgemoney.com/if-your-employer-matches-get-that-free-money-yall/#comment-362192 Fri, 17 Dec 2021 20:17:16 +0000 https://staging.eliteedgemoney.com/?p=63995#comment-362192 In reply to Scott.

Good catch @Scott!

]]> By: Scott https://eliteedgemoney.com/if-your-employer-matches-get-that-free-money-yall/#comment-362016 Fri, 17 Dec 2021 03:45:45 +0000 https://staging.eliteedgemoney.com/?p=63995#comment-362016 In reply to Chris.

I believe it is actually age 50.

]]> By: Nate https://eliteedgemoney.com/if-your-employer-matches-get-that-free-money-yall/#comment-361742 Wed, 15 Dec 2021 14:08:53 +0000 https://staging.eliteedgemoney.com/?p=63995#comment-361742 In reply to Joel.

I was actually a finalist this year. Didn’t make the final cut, but it was cool to make it as far as I did.

]]> By: Joel https://eliteedgemoney.com/if-your-employer-matches-get-that-free-money-yall/#comment-361576 Tue, 14 Dec 2021 15:36:24 +0000 https://staging.eliteedgemoney.com/?p=63995#comment-361576 In reply to Impersonal Finances.

Me too IF… And now I’m doing my best to play catch-up and get more money into tax advantaged accounts. Live and learn!

]]> By: Impersonal Finances https://eliteedgemoney.com/if-your-employer-matches-get-that-free-money-yall/#comment-361516 Tue, 14 Dec 2021 07:54:19 +0000 https://staging.eliteedgemoney.com/?p=63995#comment-361516 One of my biggest money mistakes was not investing in my 401k right away. I didn’t have a lot of money to put in, but I could have made it work with a small percentage–and that small percentage could have made a huge difference now.

]]> By: Joel https://eliteedgemoney.com/if-your-employer-matches-get-that-free-money-yall/#comment-361464 Mon, 13 Dec 2021 23:34:27 +0000 https://staging.eliteedgemoney.com/?p=63995#comment-361464 In reply to Nate.

Well said! Paul & Nate — You gotta enter the competition next year with these types of notes and rock their world!

]]> By: Nate https://eliteedgemoney.com/if-your-employer-matches-get-that-free-money-yall/#comment-361462 Mon, 13 Dec 2021 23:08:10 +0000 https://staging.eliteedgemoney.com/?p=63995#comment-361462 In reply to Paul Burckhardt.

This is exactly how I view it. That match isn’t just free money, it’s YOUR money. They earmarked it for you. If you don’t take it its the same as willingly giving back a few percent of your salary to the company. The company gets a discount on your services.

]]> By: Joel https://eliteedgemoney.com/if-your-employer-matches-get-that-free-money-yall/#comment-361431 Mon, 13 Dec 2021 19:00:06 +0000 https://staging.eliteedgemoney.com/?p=63995#comment-361431 In reply to Paul Burckhardt.

Interesting perspective!

]]> By: Paul Burckhardt https://eliteedgemoney.com/if-your-employer-matches-get-that-free-money-yall/#comment-361424 Mon, 13 Dec 2021 18:33:19 +0000 https://staging.eliteedgemoney.com/?p=63995#comment-361424 The line of thinking that this is “free money” has always bothered me. Its not free money, its part of your total compensation package. You best believe your employer is paying you 4-5% less to account for the match. I choose of think of it less as free money and more as not letting my employer get away with paying me less… You don’t take your match, they get a 4-5% discount on you.

]]> By: Joel https://eliteedgemoney.com/if-your-employer-matches-get-that-free-money-yall/#comment-361401 Mon, 13 Dec 2021 16:13:10 +0000 https://staging.eliteedgemoney.com/?p=63995#comment-361401 In reply to Chris.

Congrats on being debt free Chris and taking advantage of the 401k!! I think everyone wishes they started earlier — myself included!

Good point on the “catch up” contributions. Hand for those who started late, but also great for older people with high incomes who can lower their taxable income a bit more. Cheers!

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