Why though? That’s sorta dumb. A major point of investing over time is dollar cost averaging. It’s doubly dumb if your employer doesn’t true-up the match at the end of the year, and most don’t. If your employer DOES true-up, and you leave or are fired before they do, you lose that match entirely.
it's dollar average by year. Not that bad
Okay good to know. I was wondering if it would make sense or not but it definitely sounds like it doesn’t.
^ this guy invests
Amazon 401k is the worst of all tech companies.
Lyft does not match 401k
Do they send you back a check every year?
I use part of my Google bonus with Google's 50% match to max out my 401k in January 9 from me, 9 from Google, 401k is done. Every paycheck thereafter contributes to an IRA. Planning to FIRE when I'm 50.
You do realize you can max out the $19,500 on your own plus the $9k from google. You are leaving money on the table. Also you can do a backdoor Roth. A regular ira wouldn’t work for you because your salary is most likely over the income cap
Yes, you're right, 19500 + 9, which is what occurred. I think it might be a backdoor Roth. It's only around $150/paycheck.
I've heard amazon 401k is kind of crap, can you confirm or deny? Can you make after tax contributions for actual max (56k across standard employee pre-tax, employer match, and after tax)?
My friends at Amazon all say so. The 401k match is vested over two years. I thought only RSU needs vest
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You mean contribute max in January?
Yes