Does it make sense to max out 401k early on this year?
Mar 7
22 Comments
401k noob here, so be gentle with your answers :) I’m invested in the Vanguard 2055 retirement fund. As the fund is trending lower due to the stock market correction, does it make sense to max out 401k asap this year so that the money is invested in the fund at a lower price?
Blind tax:
TC: 160k
Yoe: 1.5
comments
I would check how the 401k matching (if any) works. Some companies will "true-up" at the end of the year, other companies will not, so frontloading will make you miss out on some matching.