logo
Previous Thread
Next Thread
Print Thread
#824317 06/03/13 06:14 AM
Joined: Jul 2012
Posts: 2,025
BellaOnline Editor
Koala
OP Offline
BellaOnline Editor
Koala
Joined: Jul 2012
Posts: 2,025
A 401 K is a retirement plan offered by a company to its employees. This gives employees a convenient way to save a portion of pay for their retirement. Do you know the advantages and rules of investing in a 401K?

What Is A 401K?

Last edited by Sandra - Investing; 09/05/13 12:07 PM.

Sandra Baublitz, Investing/Home Finance Editor
Investing Website
Home Finance Website
Sandra Baublitz Author Webpage


Sponsored Post Advertisement
Joined: Jul 2012
Posts: 2,025
BellaOnline Editor
Koala
OP Offline
BellaOnline Editor
Koala
Joined: Jul 2012
Posts: 2,025
I have never had a 401K plan because I never worked at a company that offered one. I must admit that I am just a little jealous of anyone with a 401K, especially one that offers a generous match.

Instead, I invest in a traditional IRA and a Roth IRA. This works well for me.

So, what about you? Do you have a 401K plan at your work? Do you participate? Do you like it?

If you don't have one, are you offered another type of plan or do you invest in an IRA or Roth IRA?


Sandra Baublitz, Investing/Home Finance Editor
Investing Website
Home Finance Website
Sandra Baublitz Author Webpage


Joined: Jul 2012
Posts: 2,025
BellaOnline Editor
Koala
OP Offline
BellaOnline Editor
Koala
Joined: Jul 2012
Posts: 2,025
401K are usually managed by a plan administrator that your company hires. Fidelity and Vanguard are two such administrators.


Sandra Baublitz, Investing/Home Finance Editor
Investing Website
Home Finance Website
Sandra Baublitz Author Webpage


Joined: Jul 2012
Posts: 2,025
BellaOnline Editor
Koala
OP Offline
BellaOnline Editor
Koala
Joined: Jul 2012
Posts: 2,025
The IRS contribution limits for 2013 for 401k's are $17,500. For those over age 50, the catch-up contribution is $5500.


Sandra Baublitz, Investing/Home Finance Editor
Investing Website
Home Finance Website
Sandra Baublitz Author Webpage


Joined: Jul 2012
Posts: 2,025
BellaOnline Editor
Koala
OP Offline
BellaOnline Editor
Koala
Joined: Jul 2012
Posts: 2,025
One popular option in a 401k plan is a target-date fund. Have you heard of this type of fund?

What is a Target-Date Fund?


Sandra Baublitz, Investing/Home Finance Editor
Investing Website
Home Finance Website
Sandra Baublitz Author Webpage



Moderated by  Sandra Investing/HFinance 

Link Copied to Clipboard
Brand New Posts
MyHeritage & OldNews
by Angie - 03/16/24 09:15 AM
Psalm for the day
by Angie - 03/16/24 08:27 AM
Denmark's Oscar Entry "The Promised Land"
by Angela - Drama Movies - 03/15/24 08:51 PM
Stunning jewelry by Devon Leigh
by sarae - 03/15/24 12:58 PM
From Candlemas to March Equinox
by Mona - Astronomy - 03/14/24 07:35 PM
2024 - on this day in the past ...
by Mona - Astronomy - 03/14/24 07:12 PM
A Lenten Reflection
by Angie - 03/13/24 09:24 PM
Stitching by Hand
by Cheryl - Sewing Editor - 03/13/24 04:21 PM
Lucy Lawless Directs New Documentary
by Angela - Drama Movies - 03/12/24 05:47 PM
Inspiration Quote
by Angie - 03/10/24 03:09 PM
Sponsor
Safety
We take forum safety very seriously here at BellaOnline. Please be sure to read through our Forum Guidelines. Let us know if you have any questions or comments!
Privacy
This forum uses cookies to ensure smooth navigation from page to page of a thread. If you choose to register and provide your email, that email is solely used to get your password to you and updates on any topics you choose to watch. Nothing else. Ask with any questions!


| About BellaOnline | Privacy Policy | Advertising | Become an Editor |
Website copyright © 2022 Minerva WebWorks LLC. All rights reserved.


Powered by UBB.threads™ PHP Forum Software 7.7.5