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Updated over 5 years ago on . Most recent reply

User Stats

5
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12
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Matthew Otto
  • Rental Property Investor
  • Savage, MN
12
Votes |
5
Posts

22 year old about to start a new job with 401k match

Matthew Otto
  • Rental Property Investor
  • Savage, MN
Posted

Hello I am still new too investing, no deals. I am 22 and about to start a new job with 50% 401k match up to 6%. So I am able to gain “free money” but don’t know if I want to allocate that much money into the 401K when I’d like to start building an investing fund. I’m looking for opinions on the matter of 401k.

Most Popular Reply

User Stats

922
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533
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Jim Goebel
  • Real Estate Investor
  • Des Moines, IA
533
Votes |
922
Posts
Jim Goebel
  • Real Estate Investor
  • Des Moines, IA
Replied

@Matthew Otto

Take advantage of the match, at your age.  Free money is free money, and it's also forcing you into putting money away.  Patience on the RE stuff my friend :)


Jim

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