Skip to main content
No. of Recommendations: 0
After getting serious about my retirement investments I have decided to cut my 401K contributions to just enough to get full benefit of the company match. The difference is right to meet teh maximum for a Roth IRA, which tome would be wiser ionvesting thanputting it all in the 401K. My problem though is that I am unsure of the company I am working for at present. We have had, well, several layoffs over the past few years including one so far this year, and well, frankly I am just not sure that the company is going to be around a lot longer. So at present I am putting my "contributions" for my Roth into an ING account. I am a little luneasy however that if the company goes belly up I'll need the money to move with because I am at present living in a samll town in frankly the middle of nowhere (Nearest Walmart 40 miles, nearest airport 100 miles) So at the eand of the year if I take the money out of my ROTH ING account and start a ROTH, then get laid off or the company goes bankrupt can I take my contribution(s) out of the Roth and use it? I am worried about the company, but I would like to have it both ways. Who wouldn't. :-)
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.
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.