[ Day 46 of 2000 ]
As a new immigrant, I had my concerns about the 401(K) program. First of all, I didn’t know too much about it. With all the other things going on – getting a credit card, getting a license, settling into a new position at work, that was on the back burner. Our plans at that time was to go back in a couple of years (mainly because I thought we would have to work forever in this expensive country to be able to retire here). So if we contributed into the 401(K), and had to pay 10% penalty and taxes on it, was it worth it? But then my employer matched up to 6% of the pay. Did I want to waste that? I wasn’t eligible for the 401(K) program for the first few paychecks, that gave me time to make the decisions.