ilmscore | Prediction Details
"this is called different things in different countries in the UK it's the pension contribution and the US you would have heard it as the 401K and what this means is for every pound or dollar that you contribute your employer will also match that contribution put that towards your pension so say you're earning a hundred thousand and you contribute 4 000 of that towards your workplace attention your employer matches everything you put in so you're basically making 100 return on your investment straight away remember this is different from the full amount that you can contribute all you care about here is contributing whatever you need to get the full match because otherwise you're just leaving free money on the table"
By Nischa | May 21, 2023 | Pending
From video
ACCOUNTANT EXPLAINS: The Optimal Order of Investing Your Money 00:03:43 - 00:04:14
Interpreted Prediction
Employers offer a 100% return on investment for retirement fund contributions up to the point of receiving the full employer match. This free money cannot be claimed retrospectively.

Prediction Details

Topic
Retirement fund match

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