ST Alpha - "ST fund advisers. if my company decides they are not matching 401k, should I stop making my contribution until they start matching again? and use " (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 157

ST fund advisers. if my company decides they are not matching 401k, should I stop making my contribution until they start matching again? and use

Posted by Epiphany the Scamp (aka Epiphany) Apr 21 '20, 14:03

those funds to pay off a higher interest loan? its not like my money is doing anything in the 401k anyway. and I was banking on them matching?
what would you do?

I'm not saying take the money that is there now out - just stop until they start again

Responses:

A lot of factors come into play and it depends on where your focus is - decline Apr 21, 14:50
IMO, it's always better to make 401(k) investment if you can afford it. It's pre-tax so it's like getting a bonus even if you don't get matching. - pmb Apr 21, 14:30
don't contribute unless they're matching. reasons inside... - colin Apr 21, 14:29 5
- Your im is not really true. A majority of retirement plans offer index funds and many offer institutional shares that have better expense ratios than - decline Apr 21, 14:45 1
  - And if they’re not offering the cheapest share classes available to them, they’re getting sued. -- nm - znufrii, silly old man Apr 21, 14:48
- But also consider a Roth is not tax deductible. That plays in to the overall calculation. -- nm - Meg Apr 21, 14:33
- and agree - pay off high interest loans followed by building a 2 to 3 month (now we know...) nest egg that sits in a decently yielding savings account -- nm - colin Apr 21, 14:31 1
  - Discover Bank savings account 1.5% right now. One of the better ones around. -- nm - Meg Apr 21, 14:37
r/personalfinance flowchart says to pay off high interest (10%+) debt before making unmatched contributions to your 401(k) -- (link) - znufrii, silly old man Apr 21, 14:21 [Image] 1
- crank yanker's advice that was super helpful to me, pay bills a month ahead, you'll never have a late charge, credit score goes way up - zeitgeist Apr 21, 14:27
If someone has a couple decades before retirement and has debt and less than savings I would say build up cash. - Max Apr 21, 14:16 1
- ("and less than 6mo savings") -- nm - Max Apr 21, 14:17
Your 401k is in some type of funds, correct? So though they're not matching, they'd still be pre-tax contribution and (assumingly) making money? -- nm - JaxSean Apr 21, 14:06 1
- in this market they are not making money. They are in low risk funds at the moment. -- nm - Epiphany the Scamp Apr 21, 14:07
hmmm, interesting thought -- nm - ty97 Apr 21, 14:05 3
- Where is Bacon and Reagan? and you know I'm obligated to do the opposite of whatever Kilbo says to do right? - Epiphany the Scamp Apr 21, 14:07 2
  - If you're being matched it's crazy not to contribute as much as you can - Reagen Apr 21, 14:11 1
    - 2 or 3 not much. the max they matched. I might do more once they come back to match. -- nm - Pippy-with a bong Apr 21, 14:27

Post a message top

ST fund advisers. if my company decides they are not matching 401k, should I stop making my contribution until they start matching again? and use

Replies are disabled on threads older than 7 days.