No. of Recommendations: 0
With a small company, it may not be possible for them to start a 401(k). However, more and more people are looking for this kind of benefit since many think social security will be gone by the time they retire. Unfortunately, with the current job market, employers do not have to entice new employees with benefits - just a job!

When you mention IRA, have you thought of a Roth IRA? Your contributions are taxes, but when you withdrawal the money, it's all tax free (including the profits). In addition, you can withdrawal the investment (not the profits) at anytime without paying a penalty because you already paid taxes on the money.

I do use Sharebuilder. For a $12 monthly fee, I can invest in 12 companies. Any additional purchases are $1 each. In addition, I only sign up for the "Advantage" program when I know I'm going to invest money. The Basic plan allows you to buy stocks for $4 a trade - no monthly fee. It has been a great way for me to build a portfolio. (I can invest as little as $25 for each stock. However, I recommend at least $100 if you pay the $1 fee - that is a 1% expense.)

Good luck. I'm assuming you love your job or no other similar positions are available. Hopefully, the company will grow and offer the 401(k) soon!

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