This is true but id bet most not just the young ones starting out don't contribute to theirs even though it would cost them almost nothing to do.
The minimum is usually 3% contribution. A lot of people will say they cant do without that 3% take home.
We sat down years ago and figured it up. Take home pay before vs take home pay after 3% contribution.
Even though you are giving 3% to your 401k, Your bottom line take home usually did not change, or if it did it was less than a few dollars a weekThis was due to the 3% being taken out was pre tax, and less for you to be taxed on the take home remained almost the same.
My employer does a match up to about $1500 a yr. I work with guys who have been there 20 years or more and aren't in the 401 program. They wont put in $1500 a year out of their checks to get the matching $1500. They don't understand that in 20 years if they had saved that $1500 each yr they would have received $30k for free from the employer. They left $30k laying on the table.

This is true but id bet most not just the young ones starting out don't contribute to theirs even though it would cost them almost nothing to do.
The minimum is usually 3% contribution. A lot of people will say they cant do without that 3% take home.
We sat down years ago and figured it up. Take home pay before vs take home pay after 3% contribution.
Even though you are giving 3% to your 401k, Your bottom line take home usually did not change, or if it did it was less than a few dollars a weekThis was due to the 3% being taken out was pre tax, and less for you to be taxed on the take home remained almost the same.
My employer does a match up to about $1500 a yr. I work with guys who have been there 20 years or more and aren't in the 401 program. They wont put in $1500 a year out of their checks to get the matching $1500. They don't understand that in 20 years if they had saved that $1500 each yr they would have received $30k for free from the employer. They left $30k laying on the table.

Good news folks, the 401K max in 2020 is going to $19,500 but Dave Ramsey.
Oppprtunity to get an extra $500 in tax advantaged accounts, I'll take it.

That right there is one of the major reasons I believe Dave Rasmsey is a knuckldragger.
Free money should never be turned away but dude tells people every day that if you have debt you shouldn't be getting your 401K match.

I owe about $6,000ish on my work car loan, monthly payment is $340 per month.
The interest rate is 2.75%, inflation is at roughly 2%ish depending on who you ask. The realized interest rate is about 0.75%ish.

Dave Ramsey would be screaming at me to make my work car loan a priority, I would tell him lol sure dude.

I’ve told people that for years. If you are getting 0% why do you feel the need to pay it off quickly?

$19,500 is not the max. Don't think there is a max. $19,500 is the max tax deferred. After that taxes will automatically start coming out. The next year you will fall into the "highly compensated employee" column and that is bad. Greatly reduced tax advantages.

Lots of equipment can be financed 0% for X years. Why pay for it then?