I have been contributing to my retirement accounts since I started working after college. The first company I worked for does not have a 401k match, so I only contributed about 5-8% of my starting salary. After my company was bought, the new company provided a 50% match up to the first 6% of my salary. From that point on I have contributed the maximum into my 401k. The new company gave me two options for my old 401k, to withdraw all the money from the account or convert it to a Traditional IRA. I chose to convert the old 401k to a Traditional IRA.