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Greetings, Jin, and welcome. You asked:

I have a question about my company's 401k plan. The company does not contribute any money, and I feel the funds available is only mediocre. So should I join the 401k or just open a Roth IRA? I also want to know which one is better for deductibles, I make about 50k a year.

In the absence of a contribution by your employer, you can probably do better on your own provided you choose the right investments, maintain the automatic contribution like a 401k requires, and increase that contribution through the years as your pay increases. However, this is no guarantee, and you have to do an analysis to see if acting on your own will be better. One way to do that analysis is outlined in Step 4 of my 13 Steps to Foolish Retirement Planning available for your reading pleasure at: .

And BTW…. In your case, using a Roth IRA for the first $2K of your retirement savings appears especially attractive. However, you still have to run the numbers to verify that.
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