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re: Is there any reason to have an IRA and a 401k?

Posted on 4/7/24 at 10:18 am to
Posted by KWL85
Member since Mar 2023
2328 posts
Posted on 4/7/24 at 10:18 am to
You should look at other options for the money in the target date fund. They have high fees and average returns. You very likely can do better with the effort you are putting into your investing.

It is common to use IRAs for previous company money and 401k for current employer. Always take the company match. Not a problem to have both. It is good that you have both Roth and pretax contributions.
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
82523 posts
Posted on 4/7/24 at 10:22 am to
quote:

401k target date fund


get out that trash

it has been explained why here ad infinitum.
Posted by Bourre
Da Parish
Member since Nov 2012
21979 posts
Posted on 4/8/24 at 11:43 am to
quote:

it has been explained why here ad infinitum.


Do you have any links for threads I can go back to read? I don’t mind doing my own research and educating myself if you can point me into the right direction
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
82523 posts
Posted on 4/9/24 at 11:48 am to
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