I just started contributing to my 401K about six months ago. Right now I'm contributing about 5% of my income. I'm getting the max company contribution at the moment which is what I was aiming for. I was planning on knocking it up to 10% but I'm not too sure. I was thinking maybe it would be better to instead set that additional 5% aside to pay off loans (school, auto, etc.).
I cashed out long ago, sometimes it better to find something that will go up in value faster, things like copper when it's cheap, only to unload it later when it sky rockets.
Thing is, it looks like the stock mkt bubble may be at it's peak, and we know what happens after that.
So if your 401K is tied in there, it will take quite a hit. Is there some other avenue you could go with your companies help?
Ask your HR dept, or finance and see if they have any suggestions.
Though paying off bills may go a lot further in the long run.
Good luck and welcome to the forum.