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gar1976 · 03-21-2006, 07:28 PM

IRA and Roth IRA's are for people with no plan through work - if you qualify for a work 401(k), most of the rules prohibit you from putting into an IRA based on income limits.

At the least, put the minimum into your 401(k) to get the maximum employer match.

Also, they have Roth 401(k) plans now if your employer allows it - you might want to check it out.

IRAs also have much lower contribution limits. After you leave your current employer, you can leave your money in the 401(k) plan (they can't legally force you out in most cases), or roll it into an IRA.

03-21-2006, 07:28 PM	#2 (permalink)
gar1976 Custom User Title Location: Lurking. Under the desk.	IRA and Roth IRA's are for people with no plan through work - if you qualify for a work 401(k), most of the rules prohibit you from putting into an IRA based on income limits. At the least, put the minimum into your 401(k) to get the maximum employer match. Also, they have Roth 401(k) plans now if your employer allows it - you might want to check it out. IRAs also have much lower contribution limits. After you leave your current employer, you can leave your money in the 401(k) plan (they can't legally force you out in most cases), or roll it into an IRA. __________________ Blistex, in regards to crappy games - They made pong look like a story driven RPG with a dynamic campaign.