Since the market isn’t doing that well is it smarter to contribute more to 401k now ( within the tax exempt limit of $19k) PS - I’m maxing my 401k out already. I’m talking about contributing a higher percentage of your paycheck when the market is down vs when it’s up . Sum total being the same = tax exempt limit each year
If you believe you can time the market, sure. Make sure your company matching policy doesn’t penalize you for it though. It is called frontloading.
Always contribute to max if you can afford.
Some 401k offer cash investment option. You can front load to cash, then manually pick when to put it into the market. This is way too much mental work for me, I just set contribution to somewhere that will max out and look at 401k maybe once a year.
That’s what I’ve been doing too set at the same amount every paycheck to cover the tax exempt amount ... in just wondering how to be smarter about it
401k is generally a small chuck of your assets assuming you are well comped. I would not spend much time thinking about it. Just set to get max deduction, invest in a low cost fund(e traded index fund usually) and never waste time thinking about it. Use your brain and time to optimize other parts of your life, get a faster promotion, move to better job etc.
Depends on company’s contribution. If you stop contributing, you will also loose company match.
Exactly
Of course it’s a good idea, buy when market is low. I’ll be maxed out around beginning of February.
Max and forget. Dollar cost averaging is your friend....in the long run
You work at BlackRock, shouldn’t you be telling us?
Time in the market > timing the market
If you're not already maxing 401k, you're doing it wrong
I am ... I was just wondering if I should contribute more from my paycheck now vs later when things might be better on the market
Oic. Then yes, if you don't think this is the beginning of a recession