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re: How does a family do it financially

Posted on 6/5/22 at 6:09 pm to
Posted by fallguy_1978
Best States #50
Member since Feb 2018
49139 posts
Posted on 6/5/22 at 6:09 pm to
quote:

Your expenses have nothing to do with your arguement that you don't need to contribute more than your company match

I'd never contribute more than the company match. Not $1. You are pigeonholed into their investments unnecessarily at that point. I'd put that in a Roth if you qualify for one.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 6/5/22 at 6:10 pm to
quote:

I'd never contribute more than the company match. Not $1. You are pigeonholed into their investments unnecessarily at that point


What an odd difinitive statement.
This post was edited on 6/5/22 at 6:11 pm
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
64678 posts
Posted on 6/5/22 at 6:11 pm to
quote:

I'd never contribute more than the company match. Not $1. You are pigeonholed into their investments unnecessarily at that point. I'd put that in a Roth if you qualify for one.


I agree.

And if a family still has money left to save after that, head to money board.

When I hear someone say "maxing out 401k" I just automatically assume they mean the amount the employer will match. I think most assume the same thing. Maybe not Mingo though. Nobody knows what's going through that guy's head.
This post was edited on 6/5/22 at 6:13 pm
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35745 posts
Posted on 6/5/22 at 9:34 pm to
quote:

I'd never contribute more than the company match. Not $1. You are pigeonholed into their investments unnecessarily at that point. I'd put that in a Roth if you qualify for one.


Bruh
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43317 posts
Posted on 6/6/22 at 7:45 am to
Misread
This post was edited on 6/6/22 at 8:19 am
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