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re: Ok, I want to save some money
Posted on 8/7/09 at 10:47 am to tigerbandpiccolo
Posted on 8/7/09 at 10:47 am to tigerbandpiccolo
quote:
Thanks. I have the option of a 401K but I'm not really doing anything with it at the moment. I was planning on waiting until after my first year or so of work and law school to begin that. Hopefully I will have a raise by then.
What percentage do they match? Assuming you have a few months' salary saved away, you should definitely contribute the match for two reasons. The first is that contribution will be tax deductible, the second is that they are giving you free money. Just because your money is in a 401k doesn't mean it has to be invested in risky ventures.
2
Posted on 8/7/09 at 10:58 am to LSUtoOmaha
quote:Actually, it's tax deferred.....for now. :holdingbreathwithDemocratscontrollingcongress:
The first is that contribution will be tax deductible
Posted on 8/7/09 at 11:10 pm to LSUtoOmaha
start contributing, it sounds like you have the money to spare now why wait? it's that much harder to catch up if you keep waiting. you'll thank yourself in a few years if you do.
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