{ "media_type": "text", "post_content": "If my company doesn’t match 401k at all, should I pull the ~$4k out (with whatever fees that incurs for early) to fill 2020 & 2021 Roth IRA allocations before deadline is up?", "post_id": "606b8510229994002b7ecb94", "reply_count": 3, "vote_count": 1, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

If my company doesn’t match 401k at all, should I pull the ~$4k out (with whatever fees that incurs for early) to fill 2020 & 2021 Roth IRA allocations before deadline is up?

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No definitely not. You’ll pay a 10% penalty on top of ordinary income tax. Some plans have a Roth conversion option. Otherwise, you can convert it once you leave the company.

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I would not mess with that. Just going forward fill your Roth Ira first and HSA if applicable. Then put money in the 401k.

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No no no, you have all year for 2021 IRA. You have plenty of time to put money in that going forward

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