Recent out of school and landed my first job at a mid-size firm providing the next 401(okay) plan: 2:1 match, absolutely vested, totaling 11% of my wage.
I really feel actually fortunate to have gotten this position since I used to be underqualified, and my take-home pre-tax wage is $70-75k (I work in gross sales). I’ve talked to friends and know this can be a nice profit, however I’m making an attempt to know how beneficial it truly is within the context of my profession.
I plan to leverage this expertise to land a brand new job with a $20-30k pay bump throughout the subsequent yr. Nevertheless, how a lot worth would you assign to this 401(okay) profit when evaluating alternatives? What wage would a brand new firm have to supply to outweigh the worth of my present place?
This isn’t a brag submit—simply making an attempt to guage my choices extra thoughtfully!
Thanks upfront to any responses.
EDIT: They match contributions by 200% as much as 11% of wage.
