401k advice

[(former)FormerSanDiegan]

Next, contribute into your company’s 401k if the company matches their contribution, but only up to the point of the match. Finally, contribute to a Roth IRA (if you qualify), or a nondeductible IRA if you don’t qualify for the Roth, so you can take advantage of the Roth conversion possibility in 2010. [EDIT – Sentence missing here] However, before putting money toward any of the investments above, you MUST pay off any and all credit card debt you have. Getting out of debt is the most important priority before investing for retirement.

She left out one additional sentence. Is should read as follows in the place noted above …
Once you have put into the 401K to the match, and maxed out your Roth IRA, if you have additional leeway, add the additional funds to your 401K up to the maximum.

[(former)FormerSanDiegan]

Next, contribute into your company’s 401k if the company matches their contribution, but only up to the point of the match. Finally, contribute to a Roth IRA (if you qualify), or a nondeductible IRA if you don’t qualify for the Roth, so you can take advantage of the Roth conversion possibility in 2010. [EDIT – Sentence missing here] However, before putting money toward any of the investments above, you MUST pay off any and all credit card debt you have. Getting out of debt is the most important priority before investing for retirement.

She left out one additional sentence. Is should read as follows in the place noted above …
Once you have put into the 401K to the match, and maxed out your Roth IRA, if you have additional leeway, add the additional funds to your 401K up to the maximum.

[Newblet]

Four pillars eh? Might have to check that one out. I’m currently reading Crash proof and Intellegent Investor.

As far as the whole risk vs return thing. I figure that a little market intellegence should shift risk down and reward up, am I right? Or are the majority of people rich from investment because they are lucky?

[Newblet]

Four pillars eh? Might have to check that one out. I’m currently reading Crash proof and Intellegent Investor.

As far as the whole risk vs return thing. I figure that a little market intellegence should shift risk down and reward up, am I right? Or are the majority of people rich from investment because they are lucky?

[Newblet]

Four pillars eh? Might have to check that one out. I’m currently reading Crash proof and Intellegent Investor.

As far as the whole risk vs return thing. I figure that a little market intellegence should shift risk down and reward up, am I right? Or are the majority of people rich from investment because they are lucky?

[Newblet]

Four pillars eh? Might have to check that one out. I’m currently reading Crash proof and Intellegent Investor.

As far as the whole risk vs return thing. I figure that a little market intellegence should shift risk down and reward up, am I right? Or are the majority of people rich from investment because they are lucky?

[Newblet]

Four pillars eh? Might have to check that one out. I’m currently reading Crash proof and Intellegent Investor.

As far as the whole risk vs return thing. I figure that a little market intellegence should shift risk down and reward up, am I right? Or are the majority of people rich from investment because they are lucky?

[Newblet]

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[Newblet]

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[Newblet]

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[Newblet]

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[DCRogers]

One important bit of advice I haven’t read here yet is to make sure to check the “expense ratio” of the fund you pick… this is the haircut you pay each year for the management of the fund. 1% a year might seem like a little, but through the miracle of compounding, it really eats up your long-term returns.

(I like “index funds” because they tend to have the lowest fees. My current 401(k) has an enormous quantity of high-fee (some almost 3% a year!) choices, and *one* index fund (Vanguard 500 Index (VFINX)). That’s where I am.)

That said, I would save as much as you can now, however poor the options, because when you leave, you can move it all into an IRA and then make whatever choices you want. (Also, in 2010, you’ll be able to convert traditional IRAs into Roths, with no income limit. Check out Suzie Orman. Sweet!)

[DCRogers]

One important bit of advice I haven’t read here yet is to make sure to check the “expense ratio” of the fund you pick… this is the haircut you pay each year for the management of the fund. 1% a year might seem like a little, but through the miracle of compounding, it really eats up your long-term returns.

(I like “index funds” because they tend to have the lowest fees. My current 401(k) has an enormous quantity of high-fee (some almost 3% a year!) choices, and *one* index fund (Vanguard 500 Index (VFINX)). That’s where I am.)

That said, I would save as much as you can now, however poor the options, because when you leave, you can move it all into an IRA and then make whatever choices you want. (Also, in 2010, you’ll be able to convert traditional IRAs into Roths, with no income limit. Check out Suzie Orman. Sweet!)

[DCRogers]

One important bit of advice I haven’t read here yet is to make sure to check the “expense ratio” of the fund you pick… this is the haircut you pay each year for the management of the fund. 1% a year might seem like a little, but through the miracle of compounding, it really eats up your long-term returns.

(I like “index funds” because they tend to have the lowest fees. My current 401(k) has an enormous quantity of high-fee (some almost 3% a year!) choices, and *one* index fund (Vanguard 500 Index (VFINX)). That’s where I am.)

That said, I would save as much as you can now, however poor the options, because when you leave, you can move it all into an IRA and then make whatever choices you want. (Also, in 2010, you’ll be able to convert traditional IRAs into Roths, with no income limit. Check out Suzie Orman. Sweet!)

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