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Originally Posted by horizon200
Bork: Verb...To sing in a really high pitched, waivering, annoying tone....oh wait that's Bjork! 
I have a 401K (so does wife)
Plus a conventional IRA
Plus a Roth IRA
My IRA's are a mix of different funds (to include index funds, growth, stock etc)
I've always been a firm believer in investing the maximum amount into the 401K. Why pay Uncle Sugar when you can pay yourself? But I did read on another board an interesting view as to why you SHOULDN'T invest in 401K's. I'll have to see if I can find it again. |
At a minimum, IMO at least ALWAYS participate in a company sponsored retirement program up to the employer match percentage!
For example we have a Simple IRA program...the company matches the employee contribution dollar for dollar into their fund on the first 3% of salary contributed. 100% vested, employee owns everything...no strings...
Still hard for me to understand how some of my young employees are not signed up for this "no-brainer" investment opportunity...its pre-tax, its free money from the employer and a good start on an investment/savings program without being overly burdensome.