Reddit 401k Contribution Fully Employed Part Of The Year - Today, i found out that my employer offers a 401k and now i am conflicted. There is no employer match. I created a solo 401k with fidelity. I am the administrator and a participant. You can contribute $18,000 per year to your 401k and this bonus could be a nice way to knock most of that out and then take home your full paycheck the rest of the year. My new employer does not offer a 401k for the first year of employment. Should i bother with creating an ira account given the max limit is 5k? Or should i just put the 5k in a savings. My company also has a 5 year vesting period yet my account shows me fully vested despite being under 3 yearsโฆ 100% vested on the full company contribution amount. Wondering if i should.
Today, i found out that my employer offers a 401k and now i am conflicted. There is no employer match. I created a solo 401k with fidelity. I am the administrator and a participant. You can contribute $18,000 per year to your 401k and this bonus could be a nice way to knock most of that out and then take home your full paycheck the rest of the year.