Question 1

Should I max out my 401k?

Accepted Answer

At minimum, contribute enough to get the full employer match — it's a 100% instant return. Then aim for the IRS limit ($23,000 in 2024).

Question 2

What is employer match?

Accepted Answer

Many employers match a percentage of your contributions (e.g., 50% of the first 6% of your salary). It's essentially free money for retirement.

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