UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: buc99 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 77135  
Subject: Re: IRA? Date: 12/27/2001 5:12 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1

"I have two jobs , at each job I contribute to a 401k and each company matches a percentage of my investment. Should I also invest in an IRA or just increase my contribution to my 401k. By the way the companies are matching to their limit, if I invest more , that portion will not be matched."


Considerations in making decision -
1. Are you eligible for a deductible traditional IRA?
2. Are you eligible for a Roth IRA?
3. Are you happy with the investment choices in your 401-k?
4. Which tax effect is most valuable to you, a deduction now, or tax free earnings later?
5. Does the liquidity feature of a Roth (one can always take out contributions w\o tax or penalty) have value to you?

Without knowing these answers, no one can tell you which way to go.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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.
Post of the Day:
Macro Economics

An Interesting Read
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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 Glassdoor #1 Company to Work For 2015! 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.