3 ms·
> I never personally liked the blanket advice to "Max your 401k." I think the general advice is max out employer contributions to your 401(k) * https://old.re
by throw0101a 2mo ago
> I never personally liked the blanket advice to "Max your 401k."
I think the general advice is max out employer contributions to your 401(k)
* https://old.reddit.com/r/personalfinance/wiki/commontopics https://old.reddit.com/r/personalfinance/wiki/commontopics
* https://old.reddit.com/r/PersonalFinanceCanada/wiki/money-steps https://old.reddit.com/r/PersonalFinanceCanada/wiki/money-st...
- prasadjoglekar 2mo agoFor enough income, maxing out 401K is the one way to reduce taxes and keep your money.
- jjav 2mo agoWhen young and lower income (lower tax rate) the best deal is to max out Roth 401k and Roth IRA if you can. Then you'll have a lifetime of tax-free appreciation.
- Eji1700 2mo agoYeah to be clear that's what I meant. Contributions beyond that depend on your situation, but if you can match your employer your should.