Quote Originally Posted by Duds
I just increased my 401k contribution a few weeks ago, and may do it again. this is the the perfect time - buy low, and when the market comes back you will see incredible gains.
...but if your company is matching your contributions, even if not 100%, you should be putting the maximum in all the time. There's just no better bargain than that, and I cannot believe how much I accumulated in a relatively short time with my ex-employer. That money just grows and grows, and I was getting dollar for dollar up to 6%, so you had better believe I was putting in 6% from the start. It's off your taxable gross (or should be if you set it up properly) and reduces your taxable income, so you're actually contributing less than that % in net dollars. But then again, you probably already knew that.

Swish - can't help myself in these matters