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Old 01-14-2008, 04:24 AM
sweeps sweeps is offline
Hopeless Optimist
 
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Wow, 100% match for contributions up to 8%?!! Then it's a no-brainer to be contributing 8% to your 401k. That is an instant 100% return on your money.

I would say if you're making a jump to 2% to 8%, don't change your withholding to 2 -- just move it to 1 and see where you are later in the year. Keep in mind by increasing your (pre-tax) 401k contribution, you're lowering your taxable income so the change from 2% to 8% may not be quite as bad as you thought.
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