Truly excellent. Using those numbers you're making about 50% on day 1 of each contribution.
I am fortunate to have a very good employer match.
When I need to feel envious, however, I look at the old timers. Anyone who started before 2008 has a far more favorable match formula, such that they get a little over a dollar for dollar match up to the max. Imagine getting $20k employer match on a 19.5k contribution. Even with that I know an old-timer who does not max out his 401k - truly anti-mustachian!
We also have a couple of old geezers in our team who started before 1995, and they have a grandfathered defined benefit pension + they get the awesome pre-2008 match! Bloody boomers!!
I don't get it. Why are you calling them that? And exactly how old are these "geezers"?
Most of these people are in their 60's.
That comment was made tongue-in-cheek. No offense intended, at least nothing that rises above bantering.
I have zero legitimate cause to be resentful of the benefits that other people receive. I have pay/benefits/wealth higher than well over 99% of the world's population. I personally dislike people who don't show gratitude for things they get from society/world/nature, so I definitely don't want to become that.
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Now, as a way of explanation why I would banter using terminology like that, that kind of reference to "boomers" is not very uncommon among younger folks!
There is a fairly strong feeling that the boomers are sucking the economy dry and leaving the husk for us. They got a cheap ride through college, one of the most powerful leverage-and-financialization-fueled stock market booms (except for the tech sector; as opposed to a broad-based productivity fueled boom during 50's and 60's), sweet pension deals, and they now sit on a massive pile of IOUs against the real economy and expect to be paid, during retirement, on the back the poorer younger workers toiling to keep the real economy going - all the while preventing the structural changes necessary to fix things by their politics!