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The Terrible Truth About the 401(k): PART II

Started by ybpguide · 9 months ago

Some thoughts from people much smarter than I am:

http://money.cnn.com/2007/10/08/pf/expert/exper... (Fredâs article)

http://robots.cnnfn.com/2007/09/25/pf/expert/ex.... ... Continue reading »

4 comments

UMO
1 year ago

Just a point of clarification. You DO have to worry about how much you take out of your I.R.A. The only tax-free, penalty dollars that you can take out are your own contribution dollars. In earnings in the account will be taxed and penalized if taken out early unless the withdrawel is exempted.

reply

Fredric
1 year ago

woohoo!

roth 401k's! i gotta get me one of these!

http://money.cnn.com/2007/10/05/pf/retirement/cash_from_401k.moneymag/index.htm?section=money_pf

reply

freedough
1 year ago

I'm not sure I'm interested in letting go of the free money my company matches if I contribute.

reply

Blackbird
6 months ago

Why not just evenly distribute among the two? Put an adequate amount in your 401(k) so you get the matching contribution but contribute an amount to your Roth IRA so that over time you have that tax free amount availible at retirement.

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