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I_like_to_run__ t1_iycy59v wrote

Reply to comment by 1hotjava in Got a job with 401k, should I hold off on contributing to save up for a house? by [deleted]

Almost half of my coworkers don’t contribute to their 401k and refuse to acknowledge that they’re leaving money on the table when I tell them.

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jason_abacabb t1_iydhjm9 wrote

That is such a silly thing, even if you didn't want to save for retirement you could cash it out, pay the penalty and still come out ahead.

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mamamamysharonaaa t1_iyeyq5q wrote

Although contributing to your 401k is always a good thing, a lot of companies have a vesting period and if you job hop often you’ll miss out on it. My match doesn’t vest at all until the 3 year mark which is pretty bad, other companies are similar

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