A 401(k) is a retirement account set up by a corporation that you work for that allows you to contribute pre-taxed money from your paycheck into it each month. There are benefits to a 401(k), but in many cases, the benefits don’t necessarily outweigh the consequences. In today’s video, I’ll explain why.
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My company offers a 5% match with 100% vested at day one of being hired on. I haven't gotten to take a look at what they allow me to invest in though. I'm a fairly new employee.
Love my companies 401K…
I used to work for a company called Sodexo and occasionally I work for them maybe once or 2 times a month just to shift here and there and I have a 401K with them. I definitely don't plan on working for them ever the next year or two. do I lose my 401k can I invest in that 401k do I still have to take hours and work this crappy job? does anybody know I would appreciate an answer thank you
I said no to my companies retirment fund match of up to 3% of my salary, because I wanted to create a solid emergency fund of around $10k. Once we make this fund, I will have to revisit, but I would rather take that 3% and invest it in stocks of my choice. Maybe I need to run the numbers and ask which mutual fund or etf they have?
401ks are rubbish. Open a roth IRA.
Hey Phil, I invest in my 401k simply because I'm only allowed to put up to $5,500 in my self directed IRA, but I can put up to $18,000 in a 401k. If I could put more into my IRA I would.
I hate my companies 401K