Sometimes, saving for retirement could be overdone and hurt your current financial needs. One has to remember that while there are a lot of tax advantages to contributing to a 401k plan, contributing too much could cost you more in the long run. It is important to first collect all possible matching supplied by your employer first. The amount to contribute more than that should be determined if this is 'investing' money. That is, if its money you do not need to buy things, saving for a down payment on a home, or may need it for certain things before you retire. ► More resources at my Patreon: http://www.patreon.com/BeatTheBush ► My honest reviews on Amazon: http://www.amazon.com/shop/BeatTheBush ► Mint Mobile, as low as $15/month: https://mintmobile.com/bush ► Moomoo, up to 17 FREE stocks: https://j.moomoo.com/008UFx ► Webull, up to 12 FREE fractional shares: http://bit.ly/2XwlcQ4 ► Get $30 when you spend $30: https://www.rakuten.com/r/FRANCI7350?eeid=28187 ► FREE Audible Audio Book: https://bit.ly/2Z4RrN7 ► Build Credit w/ NO Credit by Self-Lending: https://self-lender.3qcw.net/YYZBP ► BeatTheBush Honey Badger T-shirt: http://bit.ly/2FBAeLA Other BeatTheBush Channels: null null