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Maybe it makes more sense to find a better company to work for. (Sorry, you probably already heard that before)

With no company match, I would put the money into an IRA. You get the BIG advantage of being able to select where the money is invested. Many 401k choices are simply terrible. And if you want to save more than $2000, then put the rest into the 401k.

Just be aware that if you go with a Roth IRA instead of a regular IRA, you will lose the current year tax advantage of the 401k. But you will have other tax advantages with the Roth, such as future tax-free withdrawals. The tax question is something you will need to decide for your own specific situation.
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