Comments on: Made a 401(k) Contribution Change

By: Jonathan

Jonathan — Fri, 04 Mar 2005 05:58:18 +0000

I’m glad to see that you’re at least taking enough to get all of the match. As for the rest, I would simply consider it as moving your investment from stocks to education :)

By: Flexo

Flexo — Sun, 13 Feb 2005 16:30:29 +0000

I wholeheartedly agree about having 6 months worth of expenses in cash in reserve. It would be nice to max out my 401(k) contributions but if you’ve been following my postings you’ll probably know that with my salary and expenses, putting $14,000 away in the 401(k) each year is a bit… impossible.

By: Chris Sells

Chris Sells — Sun, 13 Feb 2005 09:06:07 +0000

You should absolutely have a cash reserve of 3-6 months, but after that, you’ll want to do your best to max out your 401(k) every year for the tax advantage.