Originally Posted by
wmupilot85
I'd love to and I used to. What I found was the company match and ROI was so little, that I was better off putting that money toward student loans. Over the long term, the interest on student loans is much higher than what I'd earn off a 401k account.
I don't want to be the guy who retires with $2.5M in retirement, but I have $3m in debt. If I go to 60, I have 30 more years of doing this. If I get into a major, I can max out 3 retirement account per year and still have a boat load of money.
Actually, your rate of return is 50% on the match. You will make around $65k this year. For a 3% match, that's around $2000 that you are leaving on the table. And that doesn't include the accrued interest you will make on the $6000! I mean, we are talking about $160 per pay check on average. If you can't afford that much each pay check in order to make 100% ROI, then you are doing it wrong.
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