Plan on being at Deloitte for 2-3 years. Does it make sense to add 401K contributions or would I make more elsewhere? I heard there are penalties

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Free money, growing tax free, that comes out of your check before you see it. Max it out, get the match when you're eligible, and roll it into an IRA when/if you leave.

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S1 You really did not oversimplify, you and D1 said the exact same thing but d1 didn’t understand

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Always get the match if you can

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Deloitte does not fully match 401k unless you stay 4 years. I can’t remember the stepwise function off the top of my head but I think I kept 60% after 3 years.

Pension fully vests at 3 years and you can get a lump sum to transfer at the end.

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@OP, check out the benefits details on ToD. You’ll find the vesting schedules and all the other plan details for both the pension and the 401k.

Match is free money. Look into how match vests.

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I don’t think match vests, other than that it is distributed once per year (at the end of the fiscal year). They can’t claw back money from your private 401(k) account can they??

How long do we have to stay before Deloitte takes their match back?

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