Maxing Out Your 401K and IRA, Rational? link to this post
My friend always brings up this topic, and debating it with him is like trying to debate which came first, the chicken or the egg. In my opinion, if you don't need the money now, put it away whatever you can afford to for retirement. Makes sense right? But my friend believes that, sure you should put away for retirement, but just the minimum to get matching, why? Because he doesn't believe it's wise to lock up all that money for something you don't even know you'll be around for. He does have a point. What if all this money we're saving for retirement just doesn't come around? I know, how depressing is that...but what if? It's important to consider it. So, there is a balance point, and it seems like that point is very unique to each individual. I myself try to put away whatever I can up to the federal limit...might as well. What do you do? Do you max out your retirement contribution?