Did you start to invest money for retirement?
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chicky
Apprentice
Joined: 23 Sep 2005
Posts: 2
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 Posted: 05/29/08 - 07:42 Post subject: |
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| I have been working in a good company. There is one thing I am particularly interested in. I have heard about 401(k), but I am not exactly sure whether it is time to start to invest money for retirement. If anyone could help, that would be great. Thanks in advance. |
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harley
Apprentice
Joined: 08 Jan 2007
Posts: 1
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| Posted: 06/28/08 - 03:23 Post subject: |
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| Thinking about your retirement, and getting a good plan to start investing money for that goal is something that can never come too early. It is not surprising that you have heard about 401(k). It is one of the most desired employer plans. There you can make contributions regardless of taxation. There is an age limit for withdrawals, and if try to do it earlier, you will have to pay fines, and you should be careful. That is one of the most common mistakes people make. Now, the advantages are great. Aside from the tax independence, you also have a flexibility regarding the type of the contribution. You can make it in form of investments, for example. Hope you find the info helpful. |
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