I have a quick question on 401K fees. My employer has less than stellar fund options to choose from. They offer some index funds (which is what I’m contributing to) but the least expensive total stock market index still costs like .65%.
My question is: is it worth it to still try and max this out even with the relatively high fees? I know I can likely get the same fund in a taxable account for 1/10 the cost, but one of my reasons for considering maxing my 401K is for lowering my taxable income.
I get a 4% match so I would put at least that much in no matter what, but was curious to hear feedback as to what folks here would do. Max it out? Only put in to the company match? Do something else? I’m open to suggestions.
A little background: The only debt I’ve got is my mortgage and car, and I should have my car paid off in a couple of months.
Looking forward to any responses!