Quote

Take free money. No matter how in debt you are, if your employer offers a matching contribution on a 401(k) or other retirement vehicle, you must sign up and contribute enough to get the maximum company match each year. Think of it as a bonus.

— Suze Orman

Sentiment: NEGATIVE

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✓Similar Perspectives

If you're just starting out in the workforce, the very best thing you can do for yourself is to get started in your workplace retirement plan. Contribute enough to grab any matching dollars your employer is offering (a.k.a. the last free money on earth).

— Jean Chatzky

I'm not in retirement. I just don't want to work so much, and I don't get that many offers any more.

— Max von Sydow

The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the private sector to produce assets, so we need a larger government debt.

— William Vickrey

My husband has quite simply been my strength and stay all these years, and I owe him a debt greater than he would ever claim.

— Queen Elizabeth II

You can't be in debt and win. It doesn't work.

— Dave Ramsey

Pull in your belt, spend less, and reduce debt.

— Ray Dalio

The only way you can raise the debt ceiling is to change the trajectory of spending - that's my personal preference. But I want the Ways and Means Committee to offer up a solution.

— Jason Chaffetz

I'm not broke. Like everybody else, I owe money.

— Marlee Matlin

✗Opposing Perspectives

You never cash out a 401(k) or IRA to pay off debt, unless it's to avoid a foreclosure or bankruptcy.

— Dave Ramsey

There's a laundry list of reasons why not to borrow from your 401(k). While the money is on loan, it's not working for you - and if you leave your job, you'll have to pay it back in 60 days or treat it as a taxable withdrawal.

— Jean Chatzky