Calling all you brainiacs. Which is better?
1- Match $1 for $1 up to 8 percent
2- Match $2 for $1 up to 4 percent
There is a formula in here somewhere but I am no math whiz. Some say that in both cases the match is 8% and the only difference is that the 2 for 1 gets you to the same place faster. Is that so?
I am stuck on putting in 4 percent instead of 8 percent which is 1/2 of what I once contributed but I guess if you do the math, there really is no difference. Still if that is the case, then why change anything? Inquiring minds want to know. There has to be a reason!!
All comments welcome and appreciated.