Asking for my girlfriend.
She makes 45okay at a brand new job the place she is lastly eligible to get the match (I believe it is round 4%). Nonetheless, she is not absolutely vested till 5 YEARS OF EMPLOYMENT (beneficial properties 20% vesting per yr), and she or he is fairly sure she will likely be working elsewhere inside a yr, possibly two tops. Usually I might simply recommend that she simply contribute to get the “free cash” from the match no matter vesting, however she additionally has about 6k left in 7.5% pupil loans that I might assume she ought to maintain first. If she begins contributing to her 401okay at 5% to get the 4% match, it will likely be robust for her to money stream every month (solely saves about $300/month proper now). If she focuses on paying her pupil loans off first, she should wait a yr to “apply” for the corporate match subsequent September.
We respect any assist!