alt Hacker NewsI never personally liked the blanket advice to "Max your 401k." For most, if achievable at all, that would be the most they can invest at all. Even though it is often recommended alongside a proper "emergency fund," that advice leaves little liquidity without major penalties.
Replies
jeffreyrogers • today at 2:37 AM
Roth contributions are withdrawable without penalty. Also most employers offer a match of some amount, which is essentially free money.
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BeetleB • today at 3:49 AM
I believe the general idea is to max it if you can. If you can't, put whatever you can, and forego luxuries like vacations until you can.
> I never personally liked the blanket advice to "Max your 401k."
I think the general advice is max out employer contributions to your 401(k)
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