Re: Way OT: investments in 401K

Posted by JeffE on August 03, 2004 at 05:28:45 from (192.28.2.52):

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

401(k)'s are safe - the money you put in is yours. Put as much as you can into them each year, they save you money on taxes and your earnings accumulate tax free until you withdraw them. My wife and I both work, both started 401(k)'s 19 years ago and are very happy we did. Pick a couple of solid mutual funds, don't do like some of my buddies and trade stocks through your account, just let things accumulate slowly with a mix of stock and bond funds. If you want to learn more I suggest a little reading, check out Money, Smart Money or Kiplinger's magazines, all have good information regarding investing. One good book - it's older, but good information and easy to read is by Andrew Tobias "The Only Investment Guide You'll Ever Need".

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