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.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra