UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: AmritaSai Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75335  
Subject: 401k/ IRA - which one of the two? Date: 11/10/2000 6:03 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I need some help in deciding whether to invest in a 401k or an IRA for the tax year 1999.

I have a 401k plan at my organisation but i never participated in it as the company was not making any contributuion to it. But now i feel i should have a tax-deferred plan and i'm not able to decide between the two. Can i open a IRA account now and then participate in a 401k sometime next year ? I understand that for a salary >$50k, there will not be any IRA deduction if one is covered by a retirement plan like 401k and I fall into this salary bracket. How should I go about investing if i need the maximum possible tax deferment. Please clarify.

Thanks in adavnce
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Macro Economics

Intel's Broadwell Potential
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement