Is my dad giving me bad financial advice?
My dad says I should keep my 401K contribution between 2-4% despite my company matching half up to 6%. He says since I just started the new job and I’m only 24 making $52K annually, that it’s best I take the extra money now to add to my savings (only $1,500) and student loan payments ($15K left) rather than have it sit in a retirement account. I can push it up to 6% any time. All my friends, including my cousin who works in HR, say this is dumb. My dad however is generally great with money and also consulted his financial advisor, so I’m not sure who to believe. Help!