Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
401K
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="kingOFchester" data-source="post: 1003225" data-attributes="member: 11246"><p>401k:</p><p>Higher contribution allowances.</p><p>You can borrow money from a 401k</p><p>Limited investment choices.</p><p></p><p>Just keep in mind that if you open a traditional IRA you will need to claim this on your taxes in order to get the deduction. Also, far easier to put off contribution with an IRA vs 401k as the 401k is taken out before you ever see it. Also, with an IRA it is easy to get sucked into the trading game which makes you more prone to making poor investment choices. The worst thing that can happen is for a novice to make a great return on a stock when they first start out. The investor is now under the illusion that they can make all kinds of trades and beat the market.</p><p></p><p>For me, I put away enough into the 401k to meet my retirement goal. The "fun" money goes into my IRA and other accounts to "roll the dice".</p></blockquote><p></p>
[QUOTE="kingOFchester, post: 1003225, member: 11246"] 401k: Higher contribution allowances. You can borrow money from a 401k Limited investment choices. Just keep in mind that if you open a traditional IRA you will need to claim this on your taxes in order to get the deduction. Also, far easier to put off contribution with an IRA vs 401k as the 401k is taken out before you ever see it. Also, with an IRA it is easy to get sucked into the trading game which makes you more prone to making poor investment choices. The worst thing that can happen is for a novice to make a great return on a stock when they first start out. The investor is now under the illusion that they can make all kinds of trades and beat the market. For me, I put away enough into the 401k to meet my retirement goal. The "fun" money goes into my IRA and other accounts to "roll the dice". [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
401K
Top