Hi everyone, just graduated, got a temporary job while I study for a test to apply to grad school in a few months. I make about $27/hour and my employer recently provided the option of a 401k with a 5% auto-contribution. I’m looking for advice on whether I should opt out of the 401k plan since they do not match employee contributions. I’m thinking about just opting out and contributing to my Roth to max out 2020 and whatever I can for 2021.
If this means anything, I live in California, early 20s, no loans, and taxes take 24-25% from my paycheck each pay period.