David Bach: Stay the course with the 401(k)!

Feb. 8, 2012 at 11:26 AM ET

Today Money financial expert David Bach joined us for a live Web chat Wednesday to answer your questions.

Here’s one of his answers to questions from the live chat. (See below for the full Q&A and video of David’s TV appearance this morning.)

Guest asked:

“Hi - I am contributing 15% to my 401K but my company only matches 50% up to 6%. Should I be doing something else with my 9%?”

David replied:

“Dear Guest! You should leave it alone...you are brilliant and doing everything right. You will look back later in life and be sooooooooooooo GLAD you put 15% in your 401k plan. You friends will wonder how you go to retire ten years before them and it will be because you saved three times more than they did! Well done, stay the course.”

Here’s the full chat archive and David’s TV appearance:

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