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I will be starting my first job in July and I just received my benefits package - very confusing!! What is the best resource for retirement information? I will staart a 401K, but I have heard a lot about ROth IRAs. Any advice?
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Any advice?

IMO, depends on your age. (approx.)


jpt
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Save every dollar you can however you can or you might end up like me wondering if you will have to bag groceries in your old age.
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I will be starting my first job in July and I just received my benefits package - very confusing!! What is the best resource for retirement information? I will staart a 401K, but I have heard a lot about ROth IRAs. Any advice?

Contribute the max to your 401(k)! Then, contribute $2,000 to a Roth IRA. If you have anything left then buy QQQ, SPY, or DIA.
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One thing to consider when contributing to your 401k is the matching contributions and what types of investments are allowed in your 401k. At least contribute to the limit of the matching percent by your company, for instance, if they match 5% put in 5%. This is free money. Then I would suggest doing your reseach and deciding if putting more money into the 401k would be advantageous, other than the tax-excempt status, depending on what is allowed for investment vehicles in the 401k, or if you feel you could get greater returns outside of the 401k plan. $2000 in a Roth is also excellent along with the 401k, and indexing (QQQ, SPY, etc) for any extra too is good advice.
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<< I will be starting my first job in July and I just received my benefits package - very confusing!! What is the best resource for retirement information? I will staart a 401K, but I have heard a lot about ROth IRAs. Any advice? >>

You've already received advice about allocating retirement savings. Just wanted to let you know that if you have questions about the tax treatment of these various vehicles, there's help a plenty in the FAQ of the Tax Strategies board.

TMF ExRO
Phil Marti
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