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Take the full match for your 401k (probably 6%), but then I invest the rest (another 15% pre tax) in a personal account that I control and doesn't penalize me if I need to withdraw before I retire
What BA2 said. I get my minimum into the 401K, then max out a Roth IRA, and then out money in a 529 for grad school. I also have a personal investment account. Am saving roughly 60% after tax total
Always put in as much as you can afford, especially early on. It is all about compounding interest. However, I think it is rare for young people to max out. With that said, if you can afford it, do it! Your future self will thank you!
If you can max out it is ideal off not do atleast 10-12k. You are saving taxes on it too. Plus your money is growing 6-10% compounding that adds up. You will spend what you have left after the savings, it is a forced savings. Highly recommended it.
Goal is to pay year 1 out of pocket. I don't want to be tethered to consulting after I graduate if my mind changes. Also you get taxed on your reimbursement and you still owe any interest you've incurred.
Saving 60% post tax? Wow
Max out your 401k (or put it in equivalent retirement accounts) as soon as you can. Your future self will thank you. Personally, I'd prioritize that over savings for grad school, cars, etc. The power of compound interest means if you save hard now, you can afford to bring it down in a few years to meet other obligations of you have to. But that's a personal choice.
@D2 how much are you targeting to save for grad school? Are you GSAP?
Definitely max it out if you can afford to do so. I've been maxed on 401k for about 4 years now.