Aug 11, 2023
Many people will use retirement accounts like the 401(k) to save money, but we often get asked about the amount they should be contributing each month. Should it depend on what your company matches or should you just put as much as you can afford in regardless? Let’s dig deeper into this question and tell you what we like to consider when answering this question.
Here’s what you can expect to learn in this episode:
- The different questions we typically ask someone to determine how best to use a 401k.
- Are there instances where you shouldn’t put money in a 401k even if there’s a company match?
- When would you only want to contribute enough to get the company match but no more?
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