IslandMix - Soca, Reggae, Zouk and Caribbean Entertainment

Does your company have one? Do you participate? If not, how are you saving for retirement?

i had second thoughts about honestly.. my main reason for joining was the matching contributions, other than that i would have prefer to contribute to an index tracker or some other unit trust.

yes and yes

Best way to build a nest for the future. If your company has a Roth, I would say to utilize that since you will be able to withdraw tax-free in the future because the contributions now is after taxes.

all depends on the returns you get though.. someone with a 5 year old 401k that was overweight in equities, would be facked right now

good point...you do have to be smart about it.

True. Choices are usually slim in a 401k and sometimes quite expensive when it comes to the expense ratios. There's always the possiblity of just contributing enough to get the match and using a deductible IRA at a discount broker to get the tax benefits and better investment options.

I think the Roths are great, but you have an annual max of only $6,000 and year compared to the 401k max of $15,500. A balance of both is always good..........with the right investment risk of course.

I don't know too much about 401ks but what I do understand I learned from a .org website. I hope you don't mind me posting a reference?

401k Advice

depends on their age as well. us young ppl could be aggressive, need to have some balance depending on where you are in your life and when you want to retire.

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yeah, run some credits nuh.

more than that though.. cause some money market funds (supposed to be as good as money) were heavily invested in debt of too big too fail companies.. and well.. if lehman proved anything very few companies are too big too fail

My company does have one but its not mandatory. I still believe the 41k plan is the best plan for me..

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MMF are not the best investment tools. I prefer target date funds and mutual funds with Vanguard, for example.

I have a 401k, Roth IRA, HYS account and a trading account. The earlier you start investing, the better.