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After being with my company for over a year, I'm at last eligible to join their 401K scheme. What's the catch? My employer won't contribute to it until I'm here for another year and then they'll only contribute 25% (You actually have to work here for 5 years before they match 100% and I don't intend to stay here for 5 years). I should also mention that the 401K scheme doesn't even offer index funds.

Is that 25% of your contribution or 25% of your paycheck? Either way seems more generous than average once your 2 year waiting period is over. Many 401k plans do not provide index funds, so your next best bet is to analyze the funds they do offer and pick the best ones for you.

My recommendation would be to figure out your annual retirement contribution target, and figure how much you need monthly to fill out your Roth and and put the rest into the 401k.

Who always promises to offer unprofessional advice...
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