Taking The Match

A My Total Money Makeover member says that her employer matches on a 529 plan up to 25% pretax. Should she participate? Dave says absolutely.

QUESTION: A My Total Money Makeover member says that her employer matches on a 529 plan up to 25% petax. Should she participate? Dave says absolutely.

ANSWER: Do it. If it's prepaid tuition, I don't know if I'd do it then. In some of these states, it's really unstable. If it's a 529 where you control the investments and what the money goes into, and your employer will match 25%, I'd be all over that.