You mean like a savings account?Do all 401k plans offer compounded interest earnings or does it depend on where your money is invested?
Isn’t the 401k basically a non-matching savings account?
401k generally deals in stocks and bonds with some can do precious metals. Savings account give miniscule growth comparably.Isn’t the 401k basically a non-matching savings account?
Really? Who’s your broker? I’m with prudential.Our 401k has a Self Managed Account (SMA) which lets you buy and sell stocks. I made a bundle on Apple. I also lost a bundle on Enron.
Really? Who’s your broker? I’m with prudential.
Couldn’t do stocks. All index fundsIt's a feature within the Prudential 401k. You act as your own broker for those transactions.
No. It’s basically a place to hide your money so Uncle Sam doesn’t take it all.Isn’t the 401k basically a non-matching savings account?
It's a place for you to systematically put money in for the long term so you have money available when you retireNo. It’s basically a place to hide your money so Uncle Sam doesn’t take it all.
if you want to buy stocks don't waste your time with the 401k open up an IRA somewhere else. I use Vanguard and I pay zero commissions on buying or selling any stocks bonds , ETFs or CDsCouldn’t do stocks. All index funds
So your commissioners work for free? Tell that to Goddell.if you want to buy stocks don't waste your time with the 401k open up an IRA somewhere else. I use Vanguard and I pay zero commissioners on buying or selling any stocks bonds , ETFs or CDs
I might start a go fund me page.My 401k is now a 201k.
Please talk to a professionalDo all 401k plans offer compounded interest earnings or does it depend on where your money is invested?
And this alsoIt's a place for you to systematically put money in for the long term so you have money available when you retire