inahandbasket: animated gif of spider jerusalem being an angry avatar of justice (sleepy red)
inahandbasket ([personal profile] inahandbasket) wrote2005-11-15 11:49 am
Entry tags:

(no subject)

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

[identity profile] wisdom-seeker.livejournal.com 2005-11-20 07:51 pm (UTC)(link)
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 :-)