No. of Recommendations: 0
OilyFool said: "Mmmmm, if they're only offering $300/per year match, I'd say you might be able
do better. "

Not to contradict a fellow petroleum geologist, but
free moolah is free moolah. What's the minimum YOU have to contribute to get the 300 dollars? If you only need to contribute 300 dollars to get 1-1 matching, then contribute 30 dollars a month to the 401(k) and then send the rest that you would normally contribute to a better place (S&P500 index fund, stocks, what have you). If your company requires you to put in thousands of dollars before it gives you the 300, then it becomes less worth it. Figure out the % that you generally earn in your 401(k) and see if you'd earn over that + 300$ by stuffing it all into the S&P500 or something else more lucrative. That should help determine whether it's worth your effort to get the free $300 or not.

Yours in attempted Fooldom,
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