I’m 28 and I don’t invest at all apart from putting as much as I can in a high-yield savings account ($16k saved so far). Last year out of the blue my part-time side-gig employer told me I’m suddenly eligible for a retirement program that I didn’t even know existed, I haven’t touched the account and it now has over $8k.
First of all, where did these contributions even come from? Is it actually just free money or is it somehow coming out of my paycheck?
Should I put my own contributions in as well? Is the contribution limit inclusive of employer contributions or does it just limit my own contributions? What even is the limit? I make like $10-15,000 per year pre-tax income from this job.
Any and all advice welcome! Thank you!!!
