No. of Recommendations: 2
What can I do? I feel so angry that I'm considering stopping all contributions to my 401k and just putting it all in a roth IRA or something. Not foolish...I dont' think...

Does your company match your contributions at all? If not, I would seriously consider stopping the 401k and using the Roth IRA and a taxable account with a low-fee online broker.

If they do offer contributions, I may be inclined to switch over to the mutual funds (assuming that they offer a good index fund) and contribute only enough to receive the full match. After that, I would max the Roth IRA and invest anything else in a taxable account.

While the advantage of tax deferred investing is appealing, it does not make sense if you are investing in things that do not fit your strategy or plan, even more so if there is no matching contribution from the employer. And with the lower capital gains taxes right now, the taxable accounts are not as negative as they once were.

Just something to consider...

dt
does not have a 401k as it is not offered but does have a SIMPLE-IRA
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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.
Advertisement