This is an estimate based on your annual salary and recent 401(k) match offered by your employer. Your individual results may vary depending on your actual terms of employment and Matchly's fee. If we don't know the 401(k) match terms your employer offers, the estimate is based on match terms typical in the current market.
Individual results vary depending on your annual salary, your employer's 401(k) match policy, and the terms of your Matchly loan.
Matchly charges a fee of up to 20% of the amount of your Employer Match. This amount will vary by state. Additional terms and conditions apply.
The chart shown represents a hypothetical example of growth of a 401(k) match for illustration purposes only and assumes the following: The consumer opens a Matchly Line of Credit account at age 21 and renews it and pays the Matchly Fee every year until age 65; the consumer has an annual salary of $60,000 at the time of account opening, which increases by 2% every year until age 65; from age 21 to age 65, the consumer’s 401(k) earns a 6% fixed annual rate of return, and the consumer’s employer matches 100% on 6% of the gross salary. This chart does not represent actual results and does not consider early withdrawal penalties or economic or market factors that can impact the performance of an investment. Consumers may achieve results materially different from the results portrayed.
The information provided by Matchly is for informational purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.