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Author: JLC Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76881  
Subject: Re: Retirement planning and other considerations Date: 8/20/2000 7:22 PM
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<<<In your opinion, at my age is it best to use normal investing rather than 401(k) or IRA's? I realize that 401(k)'s offer FREE MONEY in most situations, but my current employer only matches the first $100 (small company). The problem with an IRA is that if I withdraw for any reason other than a home purchase I will be penalized, which will hurt the overall investment.>>>

Rule of thumb, do 401(k) to max of company match. $100 sounds small but with a $100 match you've doubled your money. The principle ($2000) put into a Roth each year can be withdrawn without penalty, something to keep in mind if needed for emergency or downpayment, etc.

As always, first get rid of debt then build up a little emergency fund.


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