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Ok here is a question from a newbie about the union, stock investing, and the 401k...
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<blockquote data-quote="dunderchief" data-source="post: 227771" data-attributes="member: 10375"><p><strong>Re: Ok here is a question from a newbie about the union, stock investing, and the 401</strong></p><p></p><p>There may also be a rule that says you can not participate in the plan until you have been with the company for at least a year. You may want to check on that.</p><p> </p><p>There are other plans which might be better choices for a young person, such as the Roth IRA. However, the problem so many young people have is that they are not disciplined enough to put money away for a seperate contribution to a Roth...the 401(k) is so easy and the money comes right out of your check. It almost "forces" you to contribute. Whatever you decide, the earlier you start the better off you will be!!!</p><p> </p><p>Good Luck</p></blockquote><p></p>
[QUOTE="dunderchief, post: 227771, member: 10375"] [b]Re: Ok here is a question from a newbie about the union, stock investing, and the 401[/b] There may also be a rule that says you can not participate in the plan until you have been with the company for at least a year. You may want to check on that. There are other plans which might be better choices for a young person, such as the Roth IRA. However, the problem so many young people have is that they are not disciplined enough to put money away for a seperate contribution to a Roth...the 401(k) is so easy and the money comes right out of your check. It almost "forces" you to contribute. Whatever you decide, the earlier you start the better off you will be!!! Good Luck [/QUOTE]
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Ok here is a question from a newbie about the union, stock investing, and the 401k...
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