401K

[Greg Mitchell]

At this point I'm contributing 6% of my pay and getting 3% match by my employer. That's the max they will do. The way I look at it, the company match basically protects my contribution from inflation, and any fund increase is a good bonus, BUT much of that is eaten up by management fees. My question is, would it be better to keep that money (even though it will be taxed) in my paycheck and put it toward RE investing or bad debt reduction? Thanks, Greg

[Spenser Harding]

Hey Greg -  I would take a page out of Dave Ramsey's book and pay off your "bad debts".  It doesn't matter what the match is when you have dumb debt affecting your personal cash flow which impacts your long-term ability to grow and invest.  Might be worth taking some time off in the short term to knock that out.