If 401k match is less than 2% it may be better to invest outside of firm and have easier access to money. Match practically worthless. Only benefit is taxes really. Thoughts?

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Posting as :
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This is why DB is going under

likefunny

Free money is free money man. Also, you have an $18,500 contribution limit compared to $5,500 on an IRA. Unless you want to save in your taxable account for some upcoming liquidity, getting an additional 2% isn’t a horrible proposition. Take into consideration your 401(k) investment options and your vesting schedule

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It’s idiotic to not contribute enough to get the full match. Like BAML said, free money is free money.

likehelpful

And just to add to the already useful comments posted here, the employer match doesn’t count against the annual contribution cap.

likehelpful

Definitely take the free money. Plus, no income limits on 401k Roth. So, even without match, that can be attractive for decent earners

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