In this video, I’m talking about what you should do if you don’t have a 401k matching contribution.

401k retirement plans like other retirement plans at work usually have a company match, but not all do.

Just because the 401k doesn’t have a company match doesn’t always mean you shouldn’t contribute to the 401k retirement plan. Consider all the pros and cons of saving into your company’s 401k retirement plan.

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3 replies
  1. Sylvan Butler
    Sylvan Butler says:

    You covered well my 2nd reason… I usually list 3 reasons to use a 401(k): 1) get the company match, 2) shelter high marginal rate income, 3) more to a Roth than you could do into a Roth IRA.
    If no match, then you need to consider if the other 2 reasons are worth it to you.
    Something else to consider, is balancing your savings between pre-tax, Roth and taxable accounts. Hedge your bets on the future, by giving your future self some flexibility.

    Reply
  2. The Rain Man
    The Rain Man says:

    Hi Travis, thanks for this video! It solidified my own pros and cons in deciding to contribute fully to the 401k even without the company match. Can you do a video on front loading vs dollar cost averaging? I know you pointed me to the true up feature video, but not sure my company even has that or if that's even useful to me. Thank you!

    Reply
  3. billyrayband
    billyrayband says:

    A big reason is for beginning investors, it is easy to set up, with pretty safe investments, compared to researching IRA custodians, applications, funding it, choosing from 1000s of options…

    Reply

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