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A 27-year-old finance worker who inherited $1 million from his late mother wrote on Reddit, “I just feel stupid fretting over a 6% match,” referring to his company’s retirement plan. He earns $120,000 a year and said he’s unsure whether to keep saving now that the inheritance is held in a trust.<\/p>\n<\/p>\n
In a post shared <\/a>on Reddit’s r\/Fire, the original poster explained that he doesn’t plan to draw from the trust except to buy a house. He said he still wants to work but feels conflicted about continuing 401(k) contributions when he already has significant assets.<\/p>\n “At the same time, it feels bad to waste “free money” from the 6% match,” he wrote. The poster added that life “feels like it has no purpose” following his mother’s passing, despite expecting to inherit more in the future.<\/p>\n Don’t Miss:<\/p>\n Some commenters urged the OP to keep investing while finding new motivation. “Yeah, definitely keep adding to at least the match. The rest I would put in Roth and taxable brokerage. Don’t be a hippy but find some purpose and do that. Life’s too short and your mom gave you a pass!” one poster wrote.<\/p>\n “You should be maxing the 401k to take full advantage of the tax-advantaged investments,” Others were more skeptical, saying his hesitation made little sense for someone who works in finance. “How can you \u2018work in finance’ and not realize the free 6% match is the minimum you should do?” one commenter wrote.<\/p>\n “You work in finance and you’re not sure if you should take a 100% instant return on a 6% match?” another added.<\/p>\n Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it<\/a>?<\/p>\n According <\/a>to Fidelity’s latest quarterly retirement analysis, average 401(k), 403(b) and IRA balances hit record highs, rising on average 8% year over year. The report found that only 5.5% of retirement savers changed their 401(k) allocation in the quarter, suggesting most stayed consistent amid market volatility.\u00a0<\/a><\/p>\n Vanguard’s “How America Saves 2025” reported<\/a> similarly compelling context. It highlights that 61% of defined contribution plans now use automatic enrollment, a design choice that has correlated with higher participation rates.\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A…\n","protected":false},"author":2,"featured_media":247285,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[30546,64,63,99,186,184,185,2579,39930],"class_list":{"0":"post-247284","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-accredited-investors","9":"tag-au","10":"tag-australia","11":"tag-business","12":"tag-finance","13":"tag-personal-finance","14":"tag-personalfinance","15":"tag-reddit","16":"tag-retirement-plan"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/247284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=247284"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/247284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/247285"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=247284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=247284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=247284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u00a0another Reddit user added.<\/p>\n