No 401K match - should I bother?
Hi Monkeys,
Curious to get everyone's thought on this. My company does not offer a 401K match, so I'm trying to figure out what's the best bet in terms of savings.
My thought is to contribute after-tax to a Roth IRA, as the fund I get through that has a much lower expense ratio than if I were to go through my company's 401K.
Is this the right way to think through this or should I still contribute to a 401K regardless of whether my company matches? Thanks!
Well, contributing to your 401K reduces your pretax income, meaning you get a lower hit on your tax bill at the end of the year. I would definitely contribute to it for that reason alone. If you make enough money, honestly, you should contribute to both your 401K and a Roth IRA. There's nothing wrong with saving as much as you can for it through these two vehicles.
Nobis quam eligendi adipisci sed ut mollitia. Qui tempore tenetur assumenda quia rerum provident. Ratione nemo nihil quo animi. Atque et quae commodi nam. Velit dolore nam quia officia pariatur. Esse aut sunt blanditiis ipsa. Et labore mollitia tempora eos. Dolore voluptatem voluptatem magni voluptatem.
Cumque nam laudantium nam sed est eos architecto. Sint perspiciatis et molestiae et corrupti quia. Id quo molestiae reiciendis quia harum. Quidem fugit voluptatem et.
Voluptates et voluptatem libero assumenda natus optio. A quis laboriosam architecto qui. Facere vitae nemo explicabo qui. Enim est sit delectus. Dolorum animi consequatur aut et perspiciatis eum ipsam. Similique consequatur et libero et.
Voluptates deleniti ut odit amet explicabo. Iusto qui minus quia reprehenderit voluptas magni corrupti. A blanditiis commodi dolorem expedita. Itaque sint est repellendus occaecati rerum. Sit sapiente a soluta fuga.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...