Guys and Gals!
Had an idea to do something different this year with 401k contribution rates. Instead of spreading my contributions over the year I'm maxing out contribution as early as possible in the year. I just set my contribution at the max they allow - 50% of gross pay. (Not sure I can sustain this level, but Im going to try it, and if I do I can max out 401K in by May!)
Here were my thoughts on why it makes sense to do this:
1. If I leave my current company for any reason during 2015, and I have a 401k 'waiting period' at a new job, then I wont lose any contribution opportunity.
2. More time the $$ are in the market, more time to grow and compound.
3. My company does a year - end true up so I wont miss out on "match" (Other places I have worked in the past didn't do this, so you had to plan to contribute the 6% each month or miss the match that month).
What do you guys plan to do, and why??