As title states. Why put 19,500 in my 401k per year when my employer only matches 5% of my check (roughly $100). Wouldn’t I be better off depositing $100 a check and getting the match of $100 through my employer, and then invest the rest of the money I’d normally put in my 401k, into the market myself?
I’m curious as to what the tax implications would be on either end of the spectrum?
This would be a traditional 401k not a Roth 401k btw.
EDIT: This has been solved thank you everyone who has helped. I now realize that I’d be double taxed if I invest myself.
Submitted March 27, 2021 at 11:00AM by zacharyo083194 https://ift.tt/31p11rA
