401k

PG&E
weej02

Go to company page PG&E

weej02
Oct 26, 2021 5 Comments

Does it make sense to stop 401k contributions if I am surely not going to work till 59 and then retire in USA?

#tech

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 TOP 5 Comments
  • Uber
    harishdel

    Go to company page Uber

    harishdel
    A decent employer match will account for an early penalty, so it’s basically tax free gains on your money. No point not doing so
    Oct 26, 2021 0
  • Amazon / Eng
    sde40

    Go to company page Amazon Eng

     sde40
    Yes. You can withdraw money in your non working years. It will fall in low tax brackets and you will only pay 10% penalty. It is still more advantageous than paying 30+ % effective tax right now.
    Oct 26, 2021 0
  • New
    😭 New 😭

    New

    😭 New 😭
    Tax deferred is always better. Google Roth conversion ladder too.
    Oct 26, 2021 0
  • Unless you plan to actually die before 59, a 401k is still useful. But you need to build up a bigger accessible fund than an average person would need. Certainly if your employer matches put in that much to max out as a minimum.
    Oct 26, 2021 0
  • Walmart
    reeeason

    Go to company page Walmart

    reeeason
    If not a 401k to save and invest, what is your plan? Set it up for now and if you get a better method then lower the percent. Never invest and save like your peers. Always invest and save like people in yhe sitaution you want to be in.
    Oct 26, 2021 0