I have a unique situation that I haven't noticed being
talked about. I am a computer consultant, and being
such, I frequently change employers (I have so far
worked through agencies that find the jobs and then
pay me on an hourly W-2 basis). I am about to start a new
assignment, and the agency I will be with is offering a
401K. Should I sign up for it and take out the max, even
though there is no match?

My thoughts are that I take out the max and put it into
one of the fixed income accounts. Then, when I leave this
agency in 4-6 months (or possibly longer), I do a direct
transfer to my brokerage account to follow the FF strategy.
I would take the max to reduce my taxable income, and I
would go with a fixed account to ensure that I would retain
all of the principal for this short-term investment. The
401K sponsor does have a S&P 500 index account, but I would
be afraid that I may lose some of the principal before
taking it out.

Any thoughts?