Been thinking about retirement stuff lately and realized I don't actually know what's a good 401k match. Looked into it and apparently the average is around 4 to 6% of your salary right now, which seems pretty decent if you ask me. The most common setup is where employers match 50% of what you contribute up to 6% of your pay. So if you're throwing in 6%, they're only matching half of that. What's a good 401k match really depends on your situation though. Some places do dollar-for-dollar matches which is obviously the dream, but most of the time it's partial. I read that people in their 60s have around $573k saved on average, and that compounds over time so it actually matters. The thing is, if your employer offers any match at all, you're basically leaving free money on the table if you don't take it. Even if what's a good 401k match isn't super generous at your company, it's still worth maxing out whatever they'll give you. Just found out some employers can't contribute more than 25% of your annual compensation anyway. Kind of wild how many people don't take full advantage of this stuff.

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