No. of Recommendations: 1
The common wisdom in funding retirement is to first fund a 401k at work to the extent the employer matches your contributions

This is dangerous misconception I see over and over. Yes, it's nice if an employer matches some of your 401k, but you should contribute the maximum per year regardless of the employer match! Forget the match, the tax free contribution and tax deferred growth are the real benefits of the 'k.

I actually think employer matches hurt a lot of people due to this confusion. There's no reason whatsoever to stop contributing when your employer stops matching.

Nick
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