ST Alpha - "Part of me wants to max out my allowed 401K contribution for 2015." (Reading a Post)

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In response to "i really like this article from Mr. Money Moustache... about early retirement." by colin

Part of me wants to max out my allowed 401K contribution for 2015.

Posted by ty97 Dec 4 '14, 13:37

The other part of me is hedging that I die young so I need to live some life now.

So for now 401K stays at 10%. (Maybe I'll up to 11% if I get a raise?)

Responses:

what does your employer match? - colin Dec 4, 13:38 14
- I don't have a Roth, just my employer 401K. They give 2% automatically and additionally match 1:1 up to 6% - ty97 Dec 4, 13:57
- matched and max are often not the same thing/amount in a 401K. -- nm - Diva Dec 4, 13:44 4
  - federal gov sets your max contribution per year, right? -- nm - colin Dec 4, 13:45 3
    - IIRC, max is $17500 for 2014 plus $5500 for those over 50. -- nm - Diva Dec 4, 13:48 2
      - Yep and it's 18,000 for 2015. That would be...tough. -- nm - ty97 Dec 4, 13:57 1
        
        yonh. -- nm - Diva Dec 4, 14:02
- *finger to nose*matched money is free money and 100% return right off the bat -- nm - Beaker Dec 4, 13:39 7
  - i really don't understand why people don't at least put in up to the matching amount. -- nm - colin Dec 4, 13:42 6
    - I had it available to me early on. I only took advantage of it a few years later. I still feel stupid. -- nm - Mel Profit Dec 4, 13:48 2
      - I miss my stupid sexy 401k. - groiny Dec 4, 13:50
      - i shudder when i think about all the money iv'e wasted over the years. as long as we learn, all good. -- nm - colin Dec 4, 13:49
    - it's like turning down a raise. -- nm - Andie Dec 4, 13:43 2
      - ...if you were to take the entire raise and put it into savings. -- nm - Max Dec 4, 14:04
      - free money? naaah. -- nm - colin Dec 4, 13:44

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Part of me wants to max out my allowed 401K contribution for 2015.

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