is it worth it?

ggelitetrader000 said:
My employer contrbutes 50% match for every dollar up to 6% of my salary for 401k contributions. To maximize, I contribute exactly 6% of my salary to get maximize gain at 50%. More than 6% gain percentage starts to decrease, less than 6% gain amount starts to decrease.
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Why not contact the person at your company who administers the 401K program.
Ask them to help you Fully understand ALL of the options at your disposal for managing and investing YOUR 401K.
It might be a good idea to get in touch with the person that your company 401K administrator is getting their information from at the investment firm that handles your companies "account", there might be some goodies in there that are not plain to see. Most employees don't know enough to care about it, so maybe there's more there than you know. Can't hurt to ask. Yeah, we know, "I'll never get that old". Play your cards right and you'll never feel old till the very last minute before you're pushing up daisies.

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tsznecki said:
@ggelitetrader000 Unless you make 1M a year, this is just pocket change. Nice return, but still pocket change.

Nothing wrong with the return, I would just check if your employer is actually ok with you doing this. You may find yourself out of a job if they consider this an abuse of their matching program.
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i am not sure why it should be called abuse. Nothing wrong ethically, contributing as agreed, withdrawing and paying penalty as required by law. It could possibly be considered a loophole but there are tons of such right?
 
DaveV said:
You are forgetting one thing - taxes. You will also be taxed on the the full amount of the withdrawal (not just the after penalty amount).

I strongly encourage you to leave the money in the 401K and let it grow, tax deferred, over the years. Also Google how to use your 401K as an emergency fund.
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Yes, already aware. tax + penalty 10%.
 
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