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Fully Vested and Planning for Retirement

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Just as I was getting my monthly budget together, the quarter was up and I was given the opportunity to invest in the company sponsored 401K plan…fully vested immediately.  The company matches up to 5% of my salary.

It has been a LONG TIME since I had a company matched 401K opportunity. So effective this week, I am investing 20% of my corporate job’s income in the 401K. I can change it at any time, but I have some catching up to do.

What do you think? I’ve picked a pretty mixed portfolio but lean toward more aggressive options.  I’m so excited.

Any tips or trips would be greatly appreciate for this as really it’s been years and I was in a VERY different place back then.

I have an idea of how this will affect my take home pay, but won’t know for sure until the end of this week when I get my first check with the deduction taken out.  Then I will post my new monthly budget.