I changed the contribution rate to my 401(k) today. Previously 12% of my pretax income was being diverted to the 401(k) despite only 4% of my income being matched by the employer. I reduced the rate from 12% to 4% so I could still get the complete company match while allowing me more cash. This should help my cash savings which has not been growing as much as I want.
I would have made this change earlier, but since I have access to “insider information,” I’m only allowed to change certain contributions to my 401(k) during special “trading windows.”