Should I Max Out My 401(k)?

Should I Max Out My 401(k)?
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Investment advisory services offered through Modern Wealth Management, LLC, an investment adviser registered with the SEC.
The views expressed represent the opinion of Modern Wealth Management an SEC Registered Investment Adviser. Information provided is for illustrative purposes only and does not constitute investment, tax, or legal advice. Modern Wealth Management does not accept any liability for the use of the information discussed. Consult with a qualified financial, legal, or tax professional prior to taking any action.

[@PorscheSpeedster-kz6nc]

While I appreciate the company 401k and limiting starting matching to get the employee to save more to get the match helps the employee in the long term, it is also a scheme for them to reduce their contributions for the employee. They use to match $ for $ on the first 6%of the Salary contributed, they are hard pressed to contribute 3% of the employee’s salary. Benefits keep shrinking and the amount of benefits being taken out of the employees pay check is increasing at a higher rate than inflation (healthcare insurance). Not good. Hopefully employees chose their employer wisely. 😢