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I have been maxing out since I have been a first year
Same.
Aim to max out unless you can’t afford to. In which case, at least get the company match
Rising Star
Max. And then another 40K thru mega backdoor
Max both pretax and megabackdoor
Pro
max out at 15% because that's split between pre tax 401k and post tax mega backdoor roth
Pro
My match is 6% so I contribute 6%.
Rising Star
max to reduce your cost basis, aka, your taxable income. max out backdoor roth, the rest are invested into AI, Semiconductors, Robotics, Cryptos and the Future
Chief
Pork futures
Pro
15%
Enthusiast
I strongly recommend you consider hiring a CFP (certified financial planner) to teach you the to map out what you will need for your version of retirement and help develop a plan. I think once you go through that exercise, you will understand why many people are saying max out if you can afford it.
I maxed my 401k throughout my career. Retired at age 60 with more money than I need.
Enthusiast
I max out everything (401k, HSA, backdoor Roth) + a little towards Brokerage/safety net.
I am an older millennial in the U.S., and have Zero faith SS will be around for me at retirement or if it is, whether it will be beneficial. Same for healthcare (Medicare). So I am saving like there will be no benefits for me at retirement. Hopefully, I will be surprised