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Updated over 5 years ago, 09/04/2019
Should I Conteibute to a 401K??
Hi BP!
My question is pretty simple. I am about to start my first full-time job after graduating college (whoops) and want to start investing in RE in one year after saving 65% of my income for a year. My job offers a 403B (just pretend it is 401K for all intents) that has 100% match for 4% and 50% match for up to 6%. Essentially if I contribute 6%, I'll get 5% matched.
Should I do it or no?
In one corner, my thoughts say "Do it, it is free money" and in the other corner my thoughts say "Dont do it, you will lose out on opportunity cost if you throw that money into the retirement account instead of putting it towards your first REI."
Advice is much appreciated!