Next year I'll be able to contribute to my employer's (big company) 401k plan. However, apparently, now, I have to specify contribution percentages.
Do I maximize my percentage and try to hit the employee contribution max in the first few pay checks (actually my new employer limits the contribution to 50% of pay) or do I stretch it out over the course of a year?
My gut says put the money in the market righ away. Immediately, it would be protected as an asset and I would guarantee myself the opportunity to put it in if Big Company decided to RIF (reduction in force) me, downsize or whatever (paranoia is mine as a new employee).
My other gut (did I know I had two?) says to DCA (dollar cost average) to protect me against market fluctuations. What would you do?
Alternative is to put it in right away into a MM and then reallocate it periodically.