Should you maximize your employer's 401(k) match? Let's do the math on that.

Updated: Oct 15, 2020

It is common traditional financial advice that everyone "should" maximize their employer matching contributions on their 401(k). That sounds like good advice, because if you don't, you give up "free money", don't you? And it would cost you a boat load of future retirement assets and lower your standard of living in retirement, right?

That depends.

On what?