UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: FuskieFool Big funky green star, 20000 posts Top Favorite Fools Old School Fool Ticker Guide SC1 Red Winner of the 2010 Rule Breakers Challenge Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75384  
Subject: Re: 401K question Date: 1/6/2004 6:07 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
After being with my company for over a year, I'm at last eligible to join their 401K scheme. What's the catch? My employer won't contribute to it until I'm here for another year and then they'll only contribute 25% (You actually have to work here for 5 years before they match 100% and I don't intend to stay here for 5 years). I should also mention that the 401K scheme doesn't even offer index funds.

Is that 25% of your contribution or 25% of your paycheck? Either way seems more generous than average once your 2 year waiting period is over. Many 401k plans do not provide index funds, so your next best bet is to analyze the funds they do offer and pick the best ones for you.

My recommendation would be to figure out your annual retirement contribution target, and figure how much you need monthly to fill out your Roth and and put the rest into the 401k.

Fuskie
Who always promises to offer unprofessional advice...
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next

Announcements

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

Starting a Small Business
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