UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: Koyasan Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76238  
Subject: 401k or not? Date: 7/2/2000 6:11 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
My company recently started a non-matching 401k plan. My husband and I chose not to participate for the following reasons:
1. Though we really like the company we will probably only be there for another 1 1/2years.
2. We are currently putting away $2,000/year each for Roth IRA's and $200/month into a Vanguard 500 Index Fund account.
3. We didn't really see that the tax advantages would
have made that great of an impact.

Now I'm beginning to wonder. In 5 months we will be completely debt free and we want to start putting larger amounts aside for savings. Someone suggested that the 401k is the better way to do it regardless of the length of time. Help! This stuff really gets confusing.

Any advice is appreciated.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Value Hounds

Considerable Headwinds for Profire Energy?
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.