[missnic]

So I signed all my paperwork for my new job yesterday, and I need to enroll in all the good benefit stuffs. Problem is, I've never dealt with a 401k... well, apparently we have a 401a and a 401b or something since we're quasi state. Anyway, here's the situation. My employer will match 8%, and I'm fully vested in 3 years. (I'm told that's extremely good?) I'm 23 years old, and obviously would rather have the money upfront.
My question is, what is the 'normal' deduction that most people take? I have no clue what I should even have taken out at this point.. I don't want a huge amount right now, but in a few years, it will definitely jump up.

My other question is regarding Flexible Spending Accounts. I'm not entirely sure if I should use this option at this point. Should I wait a year and see what our projected expenses are? Or should I jump in now and hope I use the money before the end of the year? Any thoughts or experience?

[Dutch]

Take out at least 8%.

This is all matched so its "free money". In addition, it will be removed from your check pretaxed, meaning you will pay no taxes on this amount.

[FriendlyPeon]

Flex accounts are nice, but also a gamble if you put too much in since you lose the money. I'd probably put in a minimal amount, unless you knew you wanted some new glasses/contacts and new how much they cost, (and your insurance didn't cover any of it).

Though, probably keeping track of your medical expenses for this year and then put some in your FSA for next year would be the safest route.