All,
Although I have been contributing through my 401 K at work for several years now, I must say that sadly my strategy has been to just throw money at it. Now that I have been introduced to MMM, it has really made me to rethink everything and really start to look at what I need to do to achieve financial independence.
Currently my company 401 K matches 100% up to 5% and my current contribution is 15%, which I have been thinking about increasing. However within our 401 K, there are limited options to choose as far a distributions. Am I better off only contributing the matching 5% and investing the rest elsewhere, or should I contribute as much as possible since it is pre-taxed income?
Thanks and excuse my ignorance on the subject.