No car company, ever, has returned from bankruptcy. I understand letting the strong survive, but the costs of letting them fail will be higher than trying to help them out.
All you know that India sensex goes down by 6,000 in only 6 days. And it is because of US recession. Can you tell me how and in which sector it will badly affect in Indian Economy…...
hi everyone, I am a beginner investor who works nights, so unfortunately I sleep during the open hours of the NYSE. I have access to the internet at night when I work, and would like to look into ...
Just curious if there is a name to my type of trading. Each day about 15mins before the market closes I look at a new Mutual funds that have served me well over the past few years. If I find one ...
a) Will I be liable to pay income tax on my short term gains in shares even if my total income remains below taxable limits.
b) must I file IT returns....
Does anyone have any suggestions on which website to sign up to get the best stock pick advice?
There are so many to choose from. I try to pick stocks myself but I would like to try to get some ...
I always hear about it, but I don't know what it is.
Please explain what a 401k is in english simple enough for a junior to understand.
Thanks.
*Please don't use terms like &...
ok, im only 14 but ive got money invested in various companies such as gm, ford, aeropostle, and ge but i was wondering how i could get more involved in the stock market and learn more about it, such ...
breakingbenfan1980
Is investing in a 401k a good idea even if your employer doesn't match what you put in?
Yes. Any money that you can put into a 401K is great. Most jobs match up to 5% or so but not all.
eaengberg
Yes. It is a good way to save money for when you retire even if your employer is not matching the funds. I have gotten roughly a 10% ROI on mine in the past year which is far more than anything you will get from a savings account. You just have to make sure you invest in the right kinds of funds so that you don't end up losing a bunch of money.
Just make sure you don't put all of your money in one fund or in a fund that is tied largely to the performance of one company. I knew some folks who got burnt because their 401K was tied largely to the performance of their employers stock and saw two-thirds of their retirement money go down the drain when the traditional telecom market bottomed out about 8 or 9 years ago.
jebediabartlett
Sure it is ! You just put in as much as you're comfortable with...and it will sit there growing and growing for YOUR FUTURE.
Check this: http://www.finishrich.com/free_resources/lattecalculator.php?
Put in a couple of different amounts ( per month, per week..whatever)...and see how it can add up FOR YOU.
aronoda
No. Lol all these people are stupid except nick. Roth IRA if there not matching you.
Fuzzybutt
Yes.
Social Security will be long since a memory when you
retire and saving money on your own is impossible.
Nikolas M
This can be a close call. You get that tax break, which means you'll also get the compounding effect on those extra dollars that you didn't have to pay in taxes. But, your investment options may not be so great within the 401k plan and you have to keep your money locked in for so many years or else pay a penalty. Also, this type of 401k sounds like it may benefit your company more than you since a small amount of 401k earnings is taken as a management fee. I might only participate in your 401k to diversify my holdings and have a little something in a protected retirement account, but if I were in your situation, I would go for a Roth IRA with a discount broker which is potentially a more powerful investment vehicle since your employer doesn't match your 401k contributions.
Ken Clark, CFP
I'd definitely lean towards the Roth IRA.
The biggest reasons, in order of importance, are going to be:
1. Greater tax benefit
2. Greater investment selection
3. Lower overall cost to your investments.
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