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.
For example, if the company agrees to match 65 percent of employee contributions, divide 65 by 100 to get 0.65. 4. Multiply the matching rate by the smaller of the total contributions made by the employee or the maximum contribution subject to matching to calculate the employer matching contribution. Finishing this example, multiply 0.65 by $4,200 to find the companyâs matching contribution equals $2,730.
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.