Allow me to start by saying thank you to all of those who took the time to respond. I truly do appreciate it. Each response was unique and gave me something to consider, which is exactly what I was hoping for.It seems as though I was not as clear as I should have been, however. When I said my employer matching was 3%, I was mistaken. After reviewing the ol' proverbial employee handbook, it is not 3%, it's 2%. Translated, that means that for every $1 I contribute to my 401(k), I get 2 cents. $100 contributed = $2 employer matching. (For those of you wondering: Yes, they are hiring). I'm thinking that this isn't that good of a deal, especially with all the restrictions imposed. The course of action I am thinking of now is keeping the minimum contribution required, and then taking the difference and investing it on my own. In addition, I am also thinking of claiming the max deductions allowable after determining what my real taxable rate would be and investing the difference as well in more secure areas. When taxes are due, pay it out of that more secure account. Why let the gov't. use my money to make money for free when I can make a little on it myself? Even if I have to pay tax on the profit - it is still a profit, and more than if I were to get a refund at the end of the tax year, yes?Questions? Comments? Remarks?
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