The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/to-401k-or-not-to-401k-that-is-the-que-10888442.aspx

Subject:  To 401k or not to 401k, that is the que Date:  5/23/1999  10:05 PM
Author:  Beans1 Number:  10709 of 76398

I've always been told, like a mantra (as well as reading this in several how to books on investing) to 'max our your 401k'...its basically free $ etc etc.

Yet several Fools on the boards have been saying 401ks are too limiting, and you're better off contributing to a traditional tax deductible IRA.

I agree many 401ks suck, while all have their limits, vs the limitless possibilities of your own IRA. However, its my understandign you can only put 2000/year in a traditional IRA. Theoretically you can put a lot more into a company's 401k plan. PLus if you already have a roth, your yearly max for both combined is still only 2,000 total..whereas a roth w. a 401k allows for more savings..or am i totally incorrect?

Thoughts?

--the beanster
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us