Whether you should max out your 401(k) depends on your financial situation and goals. In general, though, it usually makes sense to contribute some amount to your 401(k), but avoid maxing it out until you’re established in other areas of your financial plan, including having an emergency fund and paying down debt. Consider your monthly cash flow as well. Plan to meet your other obligations and make sure you’re comfortably paying your bills and handling other financial priorities before turning your attention to maxing out your 401(k).