Washington 12/05/2016 @ 12:08PM 51,084 views. How Defense Secretary James 'Mad Dog' Mattis Will Remake The Pentagon. President-elect Donald J. Trumpâs disclosure that he will seek to name retired Marine Corps General James N. Mattis as the next Secretary of Defense portends big changes at the Pentagon.
This match is typically a 100% match up to 3% and then a 50% match from 3% to 5%. With this match, an employer would match dollar-for-dollar up to 3% of the employee's salary the 50 cents on the dollar for anything above 3% and below 5% of their total salary.
If retirement is decades away, setting a specific goal amount is probably unnecessary. For now, focus on: Immediately saving at least enough to get the full match offered by your employer plan, if you have one. This is free moneyâdon't let it pass you by. Working your way up to 12%â15% of your pay, including any employer match. For example, you could increase your savings rate 1% every year until you reach your target rate.