Long Woltjer: Put as much money as you're legally allowed to put in. You can't time the market -- often times it will jump up a lot in just a few days a year. I'd put in as much as you can to save it from taxes. Read Suze Orman's "Nine Steps to Financial Freedom" for more information.
Sammy Hatzenbihler: If you ask 100 financial planner, they will encourage you to INVEST in 401k Pre-tax money, especially when your company is matching the first 3-6% of your contribution(FREE MONEY - WHY NOT).Since your question is "Reasons I should NOT invest"... well, there maybe in some situation that you might not want to do so...1. If you need the money for any IMPORTANT reasons - buying you first home, to save someone's life or yours, to pay for your son/daughters wedding, etc... Priority is LIFE first, money second.2. If you have debts that cost you more money than your company's matching, etc. your Credit card debt that may be costing you 12% -25%, it does not make sense! to put away money that earns you only 3-6%. Pay down your debt.3. You have plenty of other money/investment or if you have the ability to earn more using some other source of investment.4. If you don't have faith of the current situation of the stock market, the world economy or you just can't sleep at night seeing your investment not growing, even less than what you have to begin with.Lastly, and I am not being rude about it, if you really think you will not live long. buy plenty of life insurance and spend all the other money for you and your love ones... even cash out your current 401K and spent, spent and spent....Show more
Romeo Tinnea: Yes, Especially if you are young and if your employer matches.
Joeann Hoyt: There are no good reasons not to.
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