r/finance • u/AutoModerator • Sep 14 '26

Moronic Monday - September 14, 2026 - Your Weekly Questions Thread

This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome.

Replies are expected to be constructive and civil.

Any questions about your personal finances belong in r/PersonalFinance, and career-seekers are encouraged to also visit r/FinancialCareers.

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u/DefiniteActress 28d ago

i keep seeing people say "max out your 401k" but what does that actually mean in practice? like is it just hitting the $23k limit or does it mean something else? i feel like i'm missing a step somewhere