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12% 401(k) Contribution - What to do? [USA]

Hi everyone, I recently landed a new job where the base 401(k) contribution for all FTEs is 12% of your salary. This is regardless of your contribution, with no additional match. I realize that this is unusual for most people and it is for me as well. In my last job, I got up to a 6% match so I maxed that out and didn't think on... #401 #retirement #pension #usa #12

https://kbin.social/m/personalfinance@lemmy.ml/t/742934

12% 401(k) Contribution - What to do? [USA] - personalfinance - kbin.social

Hi everyone, I recently landed a new job where the base 401(k) contribution for all FTEs is 12% of your salary. This is regardless of your contribution, with no additional match. I realize that this is unusual for most people and it is for me as well. In my last job, I got up to a 6% match so I maxed that out and didn't think on...