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An Afr Am man asked why male Caribs and Africans have access to certain types of Afr Am women. The answer is interesting https://www.quora.com/Why-do-Immigrant-Black-men-e-g-Nigerians-seem-to-find-dates-with-higher-class-Black-American-women-than-I-do-a-Black-American-male/answer/Paris-Walker-5?ch=12&share=5a829587&srid=6yai
What will be in hand?
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Do at least 5% or whatever you need to maximize your company match. If you can do 10%, do it. If not, try to increase by 1% with each raise. Assuming each raise is at least 3%, your paycheck will still go up, and you'll be increasing you 401k contributions. The early years of your 401k are HUGE for future growth. in 20 years, you'll be really, really happy that you invested early.
First, get the match. Second, build emergency savings of at least 3 months of your expenses. After that I would pay down high interest rate debt (if any) and then consider saving more. As others have said, the time value of money is huge and saving now is worth more than saving later, so try to save as much as you reasonably can.
Max it out. It makes an immaterial difference in your paycheck but will make a much bigger difference in your retirement. Plan now for later.
I maxed out early to maximize savings but to each their own.
You have to at least contribute the rate you can receive the match. Usually that is 4.5-5%. Anything above it, it really depends on your financial situation. If you choose lower rate, you’re forfeiting the portion of the match.
Free money is a no brainer. Why are we even talking about this?
Yes!
Waiting is almost never the right answer. Max it out!
What do you mean in a better place financially? Do you have no savings, serious debt or medical expense or something?
Also congrats on the bump!