(no subject)

[inahandbasket]

So part of this paycheck (%3) just made my first contribution to my 401k.
I feel so growed up.

Comments

[justamy.livejournal.com]

yay! they add up!

[inahandbasket]

so I hear.

[krues8dr.livejournal.com]

I forget; did you say they *are* matching part of that or no?

[inahandbasket]

I don't think they are, sadly. I need to doublecheck that though.

[wisdom-seeker.livejournal.com]

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 :-)

[inahandbasket]

hah, thanks for the welcome, I think.
I still miss my orange hair...

(I have a Roth IRA setup already, my dad kicked me into that sometime in 2003.)

[pisceandreamer.livejournal.com]

Most excellent! It really does add up.

[oceanic.livejournal.com]

go you. :)

[bluewillowtree.livejournal.com]

Most impressive!

I really ought to conquer my distaste for financial paperwork and sign up for one of those.