I never put anything in a 401k that is pre tax to me it is just a dumb idea to pay the taxes later when you will be on a limited budget. Disagree - take the tax break now when I'm at peak earning years when the tax break will be greater. Plus, if you have an employer that has a decent match (back in the 2000's I worked for a company that matched dollar for dollar up to 10%), it's free money. A tax break of the 401K limit of $19,500 means a lot now, plus my company matched another over $5000 last year. Also, greater accumulation of wealth and compounding of interest now means being on less of a budget later. A ROTH 401k is basically what I am talking about so I am not losing money and fairly certain I will be in a different higher tax bracket when I retire well sort of. To expand on this I have an annuity that I set up about 10 years ago that should pay out between $3000-3500 a month plus my ROTH 401k plus a part time job will put me in a higher tax bracket.