401k advice

[DaCounselor]

My advice is to max out your 401K contributions every year, especially at your age. The contributions are not taxed, thereby providing an instant return and more capital to earn investment income from. The contributions will also grow tax-free until they are withdrawn. The contributions are periodic by nature and therefore provide the benefit of dollar cost averaging.

I would caution you to think carefully about how much weight to place on outright guesses as to what the government may or may not due regarding future tax rates. Forecasting what the government will have in place in this regard 30 or 40 years from now may be a fool’s errand.

My own 401K is heavily weighted toward an S&P 500 index fund (40%), which you have as an option in your fund selections. I would encourage exposure to small cap stocks as well.

I’m a big advocate of 401K’s. I started investing early but didn’t max out, and really wish I had. I may be wrong but I would doubt that you will look back in 10, 20, 30 years and say “damn, I wish I contributed less money to my 401K”. But, to each his own.

[DaCounselor]

My advice is to max out your 401K contributions every year, especially at your age. The contributions are not taxed, thereby providing an instant return and more capital to earn investment income from. The contributions will also grow tax-free until they are withdrawn. The contributions are periodic by nature and therefore provide the benefit of dollar cost averaging.

I would caution you to think carefully about how much weight to place on outright guesses as to what the government may or may not due regarding future tax rates. Forecasting what the government will have in place in this regard 30 or 40 years from now may be a fool’s errand.

My own 401K is heavily weighted toward an S&P 500 index fund (40%), which you have as an option in your fund selections. I would encourage exposure to small cap stocks as well.

I’m a big advocate of 401K’s. I started investing early but didn’t max out, and really wish I had. I may be wrong but I would doubt that you will look back in 10, 20, 30 years and say “damn, I wish I contributed less money to my 401K”. But, to each his own.

[ucodegen]

@Newblet

Some questions:
1) What are the rollover rules on the 401k?
1.a) Do you get to roll over your contrib to a rollover IRA when/if you leave the company?
1.b) Do you get to roll over the vested company contrib to a rollover IRA when/if you leave the company?
1.c) Do you get to roll over a percentage of your contrib on a periodic basis when still in service(still employed at this employer)?
1.d) Do you get to roll over a percentage of the company contrib on a periodic basis when still in service(still employed at this employer)?
2) Do you plan to stay there more than 3 years barring unforeseen circumstances?
3) Do you feel comfortable running your own Rollover?

[ucodegen]

@Newblet

Some questions:
1) What are the rollover rules on the 401k?
1.a) Do you get to roll over your contrib to a rollover IRA when/if you leave the company?
1.b) Do you get to roll over the vested company contrib to a rollover IRA when/if you leave the company?
1.c) Do you get to roll over a percentage of your contrib on a periodic basis when still in service(still employed at this employer)?
1.d) Do you get to roll over a percentage of the company contrib on a periodic basis when still in service(still employed at this employer)?
2) Do you plan to stay there more than 3 years barring unforeseen circumstances?
3) Do you feel comfortable running your own Rollover?

[ucodegen]

@Newblet

Some questions:
1) What are the rollover rules on the 401k?
1.a) Do you get to roll over your contrib to a rollover IRA when/if you leave the company?
1.b) Do you get to roll over the vested company contrib to a rollover IRA when/if you leave the company?
1.c) Do you get to roll over a percentage of your contrib on a periodic basis when still in service(still employed at this employer)?
1.d) Do you get to roll over a percentage of the company contrib on a periodic basis when still in service(still employed at this employer)?
2) Do you plan to stay there more than 3 years barring unforeseen circumstances?
3) Do you feel comfortable running your own Rollover?

[ucodegen]

@Newblet

Some questions:
1) What are the rollover rules on the 401k?
1.a) Do you get to roll over your contrib to a rollover IRA when/if you leave the company?
1.b) Do you get to roll over the vested company contrib to a rollover IRA when/if you leave the company?
1.c) Do you get to roll over a percentage of your contrib on a periodic basis when still in service(still employed at this employer)?
1.d) Do you get to roll over a percentage of the company contrib on a periodic basis when still in service(still employed at this employer)?
2) Do you plan to stay there more than 3 years barring unforeseen circumstances?
3) Do you feel comfortable running your own Rollover?

[ucodegen]

@Newblet

Some questions:
1) What are the rollover rules on the 401k?
1.a) Do you get to roll over your contrib to a rollover IRA when/if you leave the company?
1.b) Do you get to roll over the vested company contrib to a rollover IRA when/if you leave the company?
1.c) Do you get to roll over a percentage of your contrib on a periodic basis when still in service(still employed at this employer)?
1.d) Do you get to roll over a percentage of the company contrib on a periodic basis when still in service(still employed at this employer)?
2) Do you plan to stay there more than 3 years barring unforeseen circumstances?
3) Do you feel comfortable running your own Rollover?

[sd_bear]

I’m young as well but the best advice I’ve seen so far is to max out the company matching for the 401k and then max out a Roth IRA on the side. This is what I’m currently doing. Assuming the government doesn’t change the rules about Roth IRAs, they are going to be much much better for you in the long run. So get the free money with the matching and then max out your Roth. Also, since you’ll be doing the Roth on the side, you can choose any fund you want from any company. I’m personally a huge fan of Vanguard with their small expense ratio’s.

[sd_bear]

I’m young as well but the best advice I’ve seen so far is to max out the company matching for the 401k and then max out a Roth IRA on the side. This is what I’m currently doing. Assuming the government doesn’t change the rules about Roth IRAs, they are going to be much much better for you in the long run. So get the free money with the matching and then max out your Roth. Also, since you’ll be doing the Roth on the side, you can choose any fund you want from any company. I’m personally a huge fan of Vanguard with their small expense ratio’s.

[sd_bear]

I’m young as well but the best advice I’ve seen so far is to max out the company matching for the 401k and then max out a Roth IRA on the side. This is what I’m currently doing. Assuming the government doesn’t change the rules about Roth IRAs, they are going to be much much better for you in the long run. So get the free money with the matching and then max out your Roth. Also, since you’ll be doing the Roth on the side, you can choose any fund you want from any company. I’m personally a huge fan of Vanguard with their small expense ratio’s.

[sd_bear]

I’m young as well but the best advice I’ve seen so far is to max out the company matching for the 401k and then max out a Roth IRA on the side. This is what I’m currently doing. Assuming the government doesn’t change the rules about Roth IRAs, they are going to be much much better for you in the long run. So get the free money with the matching and then max out your Roth. Also, since you’ll be doing the Roth on the side, you can choose any fund you want from any company. I’m personally a huge fan of Vanguard with their small expense ratio’s.

[sd_bear]

I’m young as well but the best advice I’ve seen so far is to max out the company matching for the 401k and then max out a Roth IRA on the side. This is what I’m currently doing. Assuming the government doesn’t change the rules about Roth IRAs, they are going to be much much better for you in the long run. So get the free money with the matching and then max out your Roth. Also, since you’ll be doing the Roth on the side, you can choose any fund you want from any company. I’m personally a huge fan of Vanguard with their small expense ratio’s.

[davelj]

Is there a “mattress” option?

[davelj]

Is there a “mattress” option?

[davelj]

Is there a “mattress” option?

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