ext_74418 ([identity profile] wisdom-seeker.livejournal.com) wrote in [personal profile] inahandbasket 2005-11-20 07:51 pm (UTC)

If they aren't, then you might do better to set up an IRA through a bank or financial planner to get higher yields, and have greater flexibility with the money (with a Roth IRA, you can use the money towards educational expenses and/or for a downpayment on a house with far less penalties than in a traditional IRA). If they *are* matching (or at least contributing something) then stick with the 401k, 'cuz the contribution amounts to free money!

Oh, and, welcome to adulthood :-)

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