Skip to main content
No. of Recommendations: 0
Rachel: My thoughts would be, at age 23, to put the first $2000 you can save, into a Roth IRA as it will grow until retirement tax free (you can not deduct the amount now - so it is after tax mone),and there would be NO tax at withdrawal. You have so many years until retirement that it could be the best thing to do. After that I would consider the 401K. Since there is not much incentive from your employer to use the 401K, I would opt for the Roth IRA. Do it before they eliminate the ROth!
Print the post  


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.
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.