How much Money do you have Saved???

[Anonymous]

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@shalane85 wrote:

401k: $226   I am funding this myself since my employer does not offer matching

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I though that every employer is obligated to pay 3% of the salary to 401K. Matching personal contributions is something like an extra bonus. Am I wrong?

[800ficogirl]

Maybe for corporations.. But I work for a small (2) location day spa and besides paying me 50% commission the owner don't pay me anything as a bonus".. When I worked for Aflac, I got matched 401K,.. But not anymore.. I'm actually thinking about working part time at Publix for extra income & benefits.

[shalane85]

I do work for a growing Healthcare firm, but they are not currently offering matching into our employer sponsored 401k.

[Anonymous]

800ficogirl, looks like you are self-employed, right? 

You are really active in achieving financial stability, good job!

[Anonymous]

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@shalane85 wrote:
I do work for a growing Healthcare firm, but they are not currently offering matching into our employer sponsored 401k.

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Is your employer sponsored 401k 100% vested?

[shalane85]

The 401k is 100% vested.

[darwin_wins]

Lol yes. I was being lazy

[iv]

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@Anonymous wrote:

I though that every employer is obligated to pay 3% of the salary to 401K. Matching personal contributions is something like an extra bonus. Am I wrong?

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That's be nice.... but unfortunately, you are in fact wrong.

Perhaps you are thinking of many auto-enroll 401k plans that start employees at a 3% contribution rate, and match that 3%?

[Creditplz]

18.5k, self employed. I've only been saving since December.

[tacpoly]

If you're self-employed, you can contribute as much as 25% of your net income or $53,000 a year (whichever is less) into a SEP.