How much would you personally feel contributing to 401K on a $150K salary? PwC matches 1.5% (25% up to first 6%)

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At that income level you should be contributing the max in my opinion

likesmart

Generally agree, but it depends on other factors. For example, are you paying $30k a year in child care? 🤦

likesmarthelpful

The max - 19.5k

likesmart

Correct, they’ll stop taking contributions when you hit the max

6%. Pretty much everyone can make better returns investing in stocks and ETFs themselves, so there is no reason to max out your 401k. Just put in up to the maximum match % and then move your post-tax dollars to a personal investment account or Roth IRA.

likefunnysmart

Two advantages to a (Roth) 401k over brokerage investing:
- Tax-advantaged: Grows tax free, unlike brokerage
- “Forced” retirement savings: It’s a lot easier to pull money out of a brokerage account than a 401k, so one is, on average, more likely to leave 401k funds alone to grow for the long term

If we’re talking specifically about Roth 401k vs Roth IRA, well, you can do both. And we’d want to consider investment options within those accounts.

Agree, max

Get the match (Always), depending on the brokerage they are using and the fees (Total management fees, not fund fees although they are also very important, index funds FTW), it (might) be cheaper in the long run to invest the difference in a non-tax advantage account. I know it personally is for me

Damn that sucks if so. They don’t even have a couple low fee index fund options in your 401k?

Max

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