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Financial Planning / Foolish 401(k)s


Subject:  Re: 401k vs. personal investment Date:  1/7/2013  1:44 AM
Author:  MikeMiser Number:  24993 of 25619

You received some excellent replies to your post. Just wanted to add one more thought. I know of very few people who build a 30 year plan and have things work out that way for all 30 years.
You might change jobs in 30 years. You may do that multiple times. You may have corporate mergers or buyouts that change your 401K.

I had 2 such events. I am on my 3rd 401K. All had matches. Present one has Roth option also.

The first 2 401K's were rolled over to IRA's. One was then rolled over to a Roth. I also have fully funded Roth's outside of these that are fully funded for myself and wife.

The point is that when I started working 40 years ago I was working for a Fortune 500 with a pension and no plans for 401K's or Roths.

Laws change, Needs change. Build your plan, Invest in it. Do a re-assesment every 5 years, to be sure you are still happy with th