Re: Way OT: investments in 401K

Posted by MarkB on August 01, 2004 at 12:09:09 from (64.31.11.65):

In Reply to: Way OT: investments in 401K posted by Kurt (mi) on August 01, 2004 at 04:10:03:

I won't give any specific investment advice, but you absolutely should participate in your employer's 401K. First, most employers match up to a certain amount--that's money for free! Second, you are investing pre-tax dollars. This means that you'll get interest on money that you would have given to Uncle Sam. Even if you withdraw early and take a penalty, you're probably still ahead of where you would be if you had invested after-tax dollars.

I've been in a 401K since they were introduced in the early eighties. The only thing I regret is that I didn't switch some of my 401K to a fixed-income fund when the market toppped out. I lost over half the value of my 401k in a couple of years.

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