Does it even make sense to contribute to 401K?
ER
(Senior Orangutan, 465
Points)
on 7/11/11 at 9:55pm
Does it even make sense for most analysts to invest in their 401K since there's a good chance a lot of us want to retire before 60/65 and don't want to pay the penalty.





Yes it definitely makes sense
Yes it definitely makes sense to contribute to your 401K.
Just because you plan on retiring before 60 or 65 doesn't mean that you shouldn't invest in your 401K. Your 401K should not be your only retirement savings. Most employers will match a substantial portion of your contributions (essentially "free" money).
So the very simple solution is you use your other savings until you hit the retirement age and then you start withdrawing from your 401K. It isn't very complicated.
Yes, have a different savings
Yes, have a different savings account for when you want to retire, but use your 401k once you are of age, because most employers double your input, so it would be economically wise to get that free $$ while you can
I didn't say it was your fault, I said I was blaming you.
401k is insurance, not
401k is insurance, not investment. I maxed out.
wake the F up guys, Bonus is
wake the F up guys, Bonus is taxed post contribution .
You're welcome.
hollr