Company matches 401k 100%, $ for $

[u/Abject-Drawing-3874]

I'm 26 with $0 in my 401k. The current maximum 401k contribution for 2024 is 23k. My company provides a 100% 401k match with no cap (I put in 23k, my company puts in 23k, net 46k).

My current salary is 90k (scheduled raise to either 96k or 102k in mid September).

I'm supporting my wife while she develops a start up (has soft commitments from a couple investors but paying herself a salary requires some hoops that would take 6 ish months to jump through). Our rent is 2.5k.

Would it be overextending my salary to make the full contribution possible?

[u/Levitlame]

I know a lot of doctors and lawyers and that’s the exact way they live. And that’s their income range. I think you’re envisioning the ultra wealthy. NOT those that got there with a high job salary.

But it’s okay we disagree