"If it's too good to be true, then it probably is" is a common warning that if something benefits you too much, it's probably good to avoid it. Yet the word "probably" is doing a lot of heavy lifting there because sometimes things are that good. One of those times is the employee match program in company retirement plans. For every one dollar you contribute, your employer will add another dollar, effectively doubling your contribution. However, it is not unlimited, typically a percentage of your income and usually between 4% and 6% of the total."
"An employer-match program for a retirement program should be looked on as 'free money' to help you achieve your retirement goals faster. It is generally good practice to contribute at least enough to maximize your employer's matching contribution. Yet there may be times when you don't want to max out your 401(k) plan."
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