So I now the opportunity to join the retirement plan our company has. It is a Simple IRA with up to a 3% company match. I was doing the math on Sunday to find out how much I could afford to put in and what it would leave me. While doing the math I figured out I was not making the amount I was supposed to be making. I am currently making $30k a year. I should be making $32k a year. I should have been making this since May at least.
It is obviously my own fault for not checking my pay stub sooner. I should have known there was a problem when I asked for my address to be changed and it is still incorrect. Luckily that person is gone and I will be more vigilant from now on especialy since I will be putting 7% of my check into this retirement IRA. Once you include the 3% from my company that means next year I should have over $3500 in that account (hopefully more since I chose a couple high performers for putting my money into).
It is obviously my own fault for not checking my pay stub sooner. I should have known there was a problem when I asked for my address to be changed and it is still incorrect. Luckily that person is gone and I will be more vigilant from now on especialy since I will be putting 7% of my check into this retirement IRA. Once you include the 3% from my company that means next year I should have over $3500 in that account (hopefully more since I chose a couple high performers for putting my money into).
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