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Message: <blockquote data-quote="King_Stannis" data-source="post: 273722" data-attributes="member: 324">Re: Attention Passengers:you devote a portion of your pay to a retirement fund. usually this is a mutual fund or group of mutual funds as risky or safe as you see fit. if you have a good employee, they will match your contribution up to a certain %. if you put in 6% of your gross pay, sometimes your employer will match up to that level. the percentages vary, but employers rarely match above 6%.no touching the 401k fund before age 65 without huge IRS penalties, either. you should always put in up to your company match % - as someone said, it's free money. what you do over and above that is contingent on your stage of life and future plans. some people sock aways as much as 15% of their pay in 401k's.</blockquote>