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Tilted Cat Head
Administrator
Location: Manhattan, NY
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The only part that makes the contributions worthwhile is if your company will give you free money...
Quote:
http://www.fool.com/news/commentary/...tary030416.htm
If you're confused about which type of retirement account to choose, here's the quick and easy (and probably smartest) strategy: Put your money in a Roth IRA. Compared to a employer-sponsored retirement account -- such as a 401(k) or 403(b) -- or a traditional IRA, the Roth is by far more flexible and likely will lead to more money in retirement.
The only exception: If your employer matches contributions to your work-sponsored plan, then it's probably best to take advantage of that free money. But contribute only up to the point that contributions are matched; after that, send your retirement money to a Roth.
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and don't forget that when you quit said company, you can also roll your 401(k) into a Roth IRA.
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