Bichon Frise wrote:
Those making over $194k get a "raw" deal on a good year.
Someone will probably point out that making $194k is far from a "raw" deal, but these things matter.
What does this have to do with this thread? Did the OP state on another thread that s/he has a $194k income?
I pretty much agree with Nelson: 9% is almost certainly not too much to save. Also, while you have to be careful with student loans (since they are not dischargeable in bankruptcy), the interest rates on the loans in question are relatively low. And, per the info given, it seems that every 1% up to 9% is matched at least 11%, which isn't terrible. So it does seem in this case, based on the information given so far, that contributing to the 401(k) up to match is probably a good idea.
But then again... how are the fees on the plan? Some plans are bad enough that an 11% match is not enough to make them worth using. It's the exception, but it does happen. (And I suspect but have no data to prove that companies with discretionary matches, are more likely to have otherwise poor plans.)