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Brown Cafe UPS Forum
UPS Retirement Topics
When should you set up your 401K?
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<blockquote data-quote="satellitedriver" data-source="post: 1289937" data-attributes="member: 1664"><p><span style="color: #006633">You get both for free, just by being employed.</span></p><p><span style="color: #006633">First open a Roth IRA and max it out, then contribute to your 401k.</span></p><p><span style="color: #006633">At your young age, my advice would be to invest in a Vanguard total market index fund in your Roth IRA, then invest in the S&P fund in the 401k.</span></p><p><span style="color: #006633">Time is your best friend. </span></p><p><span style="color: #006633">Dollar cost averaging into the market will make you a wealthy person, over time.</span></p><p><span style="color: #006633"></span></p><p><span style="color: #006633">Best of Luck,</span></p><p><span style="color: #006633">Steve</span></p></blockquote><p></p>
[QUOTE="satellitedriver, post: 1289937, member: 1664"] [COLOR=#006633]You get both for free, just by being employed. First open a Roth IRA and max it out, then contribute to your 401k. At your young age, my advice would be to invest in a Vanguard total market index fund in your Roth IRA, then invest in the S&P fund in the 401k. Time is your best friend. Dollar cost averaging into the market will make you a wealthy person, over time. Best of Luck, Steve[/COLOR] [/QUOTE]
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When should you set up your 401K?
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