You could have bought CDs, and gained 4-8% interest. And you would have paid taxes on the money that you put in, and you would have paid taxes on the interest that you made. You put it in a tax-deferred 401k, and you may have been making 15% or more tax-deferred.In 90%+ cases, any given investment in a 401k will be better than an equivalent investment in a taxable account. You made the right decision to put money in, although you might want to check about how you allocated the money.
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<