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I have just enrolled in my companies 401k. They allow 15% max contribution which I am contributing and they contribute 25% of my contribution up to a maximum of 4%. I am 23 yrs old and will probably make 36000 this year. My question is with this setup should I contribute he max of 15% or consider the Foolish four? Or should I fill the 401k and get an IRA? My companies 401k is with Invesco and I have many options on which funds I should put my money into. I was leaning toward the IRT 500 index fund because it tries to follow in the footsteps of the S&P 500 and it has the lowest annual fees of .5%. Is anyone familiar with invesco retirement funds and would consider giving me a hand? I am debt free and have money to play with on the market. If you have any other suggestions for a young investor I am open to them all and appreciate any help I can get. This is all new to me and I am trying to become very Foolish. This sight has truly educated me and has an abundance of information I still yearn to see!
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