Can someone provide quick overview on EY 401k. Does it make sense to put in more than what firm would match to have cash on hand soon? Planning to buy a house in 3 years.

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EY provides financial planning services for this exact type of question, and it's free. So give them a call.

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Thanks!

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I wouldn't consider your 401k "cash on hand," it's really future cash. It's up to you to take it out or not but that is usually not the best way to maximize your benefits or your savings. Also, in our industry I am weary of 401k loans bc people always seem ready to quit after busy season and any loans would need to be paid back.

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Also the 401k actually has some good fund options... You'll sometimes hear people recommend IRA focus because of fund options, but the EY plan has some pretty good low cost funds.

If you want to buy a house in 3 years you may want to consider an IRA... or just a savings account...

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