Should I Invest In 401k Now?

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Comments

1. THANK you for your videos I was stressing out because of my debts which is $15,000 not. Enogh compare to others I'm learning a lot from your videos.👏🏼
2. Very good advice.
3. Hi Dave, what are some resources in order to determine wether my w4 is working for me. You told the called that he should take another look at his w4 and I'm wondering if I should too. I'm single with no dependent and make 30k/ Year. Thank you
4. Worst advice ever.
5. Never skip out on an opportunity for free money.
6. 10% match?! That's insanely good, he needs to take advantage of it. He's rejecting free money. If he's going to be debt free in August who cares if that money isn't going to debt. It sounds like he already could have had already had a few thousand invested if he started taking the match right away.
7. He needs to raise the number for the withholding allowance on the W4 so that the gov. doesn't take too much out of his paycheck. He can then max out the 401k contribution in the remaining 2016 after the debt is paid off to lower the taxable income to save even more in tax and get the full match from the employer.
8. If he will be done with the debt by August he will still be able to max out his 401K in the last quarter and still get the match. It depends on how the company has things set up and how often he can make changes but he can probably do it.
9. If he puts in 5000 to the 401k and his company matches 5000, couldn't he then just withdraw the full 10k, take the early withdrawal tax hit, and then throw the remaining like 7k at the debt? Then it's like your company is helping pay off your debt. Seems like Dave jumped the gun on that call.