I'm 35 with $330k in my 401(k) - do I really need to keep maxing it out?
Briefly

from 24/7 Wall St.3 weeks ago
A 401(k) plan offers significant advantages for retirement savings, especially in terms of tax deferment and potential employer match, which can greatly enhance overall retirement wealth.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/10/im-35-with-330k-in-my-401k-do-i-really-need-to-keep-maxing-it-out/
Interestingly, while many may rush to max out their 401(k) contributions, it's essential to evaluate your own financial situation—sometimes an overzealous contribution isn't necessary, especially at a younger age with a large balance.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/10/im-35-with-330k-in-my-401k-do-i-really-need-to-keep-maxing-it-out/
The remarkable case of a 35-year-old with a $330,000 401(k) balance serves as a reminder that early, consistent contributions can lead to substantial long-term growth, often exceeding average projections.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/10/im-35-with-330k-in-my-401k-do-i-really-need-to-keep-maxing-it-out/
While investing in a 401(k) can provide easy and effective retirement savings, individuals should consider diversifying their investments, especially when they already have a significant amount in their accounts.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/10/im-35-with-330k-in-my-401k-do-i-really-need-to-keep-maxing-it-out/
Read at 24/7 Wall St.
#401k #retirement-savings #financial-planning #investment-strategy #employer-match
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