Investing more is usually better than less, that is true. But before you exceed the company match in your 401K, you would be better off putting money into a Roth IRA.
The best way to do it is to meet the company max match in the 401K, then switch to your Roth(s), putting away into that until it is maxed out ($5,500 single, or double that if married, plus the $1,000 catch up if you are older). THEN go back and increase your 401K if you wish to save more.
Originally Posted by
Blueskies21
Doesn't make much difference. You're just trying to turn it on now, once you've got a fidelity login you can change the contribution amount every week if you'd like. In my experience the changes take effect on the next paycheck (if it's not tomorrow) but I think their documentation say 1-2 paychecks.
Also I believe to capture the full match you'd only have to do 3% as it is 3% on 3% however if you look long term, 15% is a much more reasonable level to have enough money to retire on.
Unfortunately a lot of people get caught up in the match and think that's how much they should save.
The sooner you start saving, the more money it's worth at retirement, so do the 15% as early as you can. You won't miss it.