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Financial Planning / Tax Strategies


Subject:  Re: Current 401k funds to IRA possible? Date:  3/26/2012  2:47 PM
Author:  aj485 Number:  115649 of 127513

Nope, I had already dropped my 401k contribution a few years ago (when I bought my condo) to the 6% necessary to get the 3% match. Though I'm wondering if not doing the full 6% might be an idea. If I can get greater gains in my IRA than the "free" match money would be....then that might make sense.

A 3% match on a 6% contribution is a 50% gain, right off the bat. That's a pretty high hurdle to overcome.

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