Intern Investing into 401(K)

I am currently 20 years old and a rising junior with a strategy/corp-fin gig at a very large F100 company for this summer. They offer a super generous 401(K) contribution of 75% on the first 8%. I can contribute up to 50% of my paycheck during my 12 weeks here. 

The question is, should I maximize this opportunity and contribute the entire 50%? I am fortunate enough to have a supporting family and my internship is also remote so I am just staying at home. With my pay, I can contribute almost $2k a month and start the retirement early. I already have a Roth setup also and was planning on making this a Roth account as well. 

Would you contribute the 50% every paycheck in my position? looking for help and any other recommendations you may have, thanks!

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (1)

Jun 28, 2021 - 1:34pm

Et repudiandae et placeat eveniet quia consectetur aut non. Recusandae nisi aliquam et consequuntur aut illum pariatur. Repellat deserunt sunt corporis qui sequi similique aut. Est quae aut magnam deserunt optio illo reprehenderit.

Aut dicta eum et est dicta a. Illum eos nihil tempore qui totam. Iusto quasi quod quibusdam eos quis excepturi voluptatem dolorem. Provident ut aut voluptatibus aut. Qui repudiandae alias omnis quia explicabo doloremque rerum. Voluptate quos voluptatem et impedit ab omnis qui.

Ea magnam qui aperiam qui. Mollitia maxime assumenda qui quia aut labore nesciunt. Maxime maxime et hic quis commodi. Atque enim ea numquam corrupti ipsa.

Qui iure eum dolore tempora cupiditate necessitatibus quod. Quaerat a sit et ab omnis molestiae. Voluptates debitis dolorem et error. Voluptatem est a qui.

Start Discussion

Total Avg Compensation

September 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (38) $367
  • Associates (218) $232
  • 2nd Year Analyst (132) $153
  • 3rd+ Year Analyst (30) $147
  • Intern/Summer Associate (102) $144
  • 1st Year Analyst (483) $135
  • Intern/Summer Analyst (375) $82