401K matching is it free money?

Jan 18th, 2015
Price: $10 USD

Question description

"You have just won a free car!!" Everyone would love to hear those words, but is anything ever truly free? Milton Freedman seems to think that everything carries a cost. I have often heard some of my coworkers speak about our 401K program and comment how the company match is "free" money. It is common place for large companies to match, up to a limit, a employees contribution to the 401K program. Is this money truly free? What are your thoughts? What about a vesting schedule?

200 -300 words

Tutor Answer

(Top Tutor) Daniel C.
School: UIUC

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Jan 21st, 2015
"excellent work as always thanks for the help"
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