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It can depend on a lot, but if there’s a match it’s basically free money. Now usually it only vests after a certain amount of time with that employer, but either way saving tax free money is usually good.
https://www.reddit.com/r/personalfinance/s/pSqTB6fpjD
Why wouldn’t it be? It’s basically a raise. Is it that you want to spend the money right now? Or that you’re unhappy about the performance of the market for the last couple of years?
I’ve done a 5k, can’t imagine doing a 401k
Is money good or bad?
The question is literally this black and white. Yes, you should contribute to your 401K for pretax savings.
How much you should contribute is a discussion that differs for everyone. But at the absolute minimum, you should put in whatever it takes to hit your company’s maximum match.
Short answer: yes.
Longer answer: if your employer matches 6% of your salary, you should put in 6%, possibly more. If you make $100,000 you’ll be putting in $6,000 a year and your employer will be putting in $6,000 a year. You could select a target date 2050 fund if you plan on retiring around that year.