No. of Recommendations: 0
My employer does not match my 401k contributions, so there's no free money to be passing up. The only advantage to maintaining a 401k then would seem to be for the immediate tax savings -- in addition to the potential that exits to borrow from this fund for a mortagage (is this type of borrowing also possible with a self-directed IRA?).

Is it advisable to abandon the 401k for a self directed IRA, where I could implement 2,2,3,4,5? If so, this raises other questions, like isn't there a rather low ceiling on annual contributions to an IRA, which would limit the growth I might expect from the Foolish 4?

If I should not abandon the 401k, and just accept the Vanguard Index growth of 10.5%, and whatever growth comes from the Crabbe Huson small cap fund, what advice would you have about starting a Foolish 4 portfolio? Inside an IRA? Not inside?

Thanks. I'm new to investing and trying to fashion a sensible portfolio in a Foolish mode.

Hank
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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 Glassdoor #1 Company to Work For 2015! 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