investing in 401k
By maxsee212
@maxsee212 (799)
United States
January 17, 2008 2:04pm CST
if you have a 401k in the job that you are working, you may want to max your contribution because you have the opportunity to become rich just by maxing your contributions. 401ks are good because they are taken out before tax and they are match by your employers.
2 responses
@maxsee212 (799)
• United States
18 Jan 08
it's a very nice opportunity indeed. i think that people don't regard them as more important than they should when you reach the retirement age.
@angieang (262)
• United States
18 Jan 08
I think people aren't worried about their future because they are spending everything they have plus more now! I guess this is a day in age where things are for the now and not the future. Atleast there are still a few people that plan a few things!
@lilybug (21107)
• United States
17 Jan 08
I rolled over my 401K when I left a previous employer. They matched up to 3% fully and matched an additional 2% half. It was kind of nice because for every $50 I invested they matched it $40. It is not worth a whole lot of money, but if I let is sit and gain interest then I will prove to be worth quite a bit by the time I retire.
@maxsee212 (799)
• United States
18 Jan 08
i think you're doing the right thing and i would suggest you keep doing what you're doing and don't be tempted widthdraw some money from your account.
