Posted by: KaliKoPoi June 13, 2011
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Hi all,
I am new to US job market. I m in a fulltime position with 401K plan.
As I hear from my collegues, its not a good plan. They say - If u really want to save money put it in some stocks/gold/silver on regular interval. Overall you will get no benifit from it(401K plan) because you dont get any profit by investments.
On the other hand they are matching 50% of what I keep in the plan. It reduces few hundred dollar from my paycheck, but doesnt impact me on current financial situation. Even If I lose 33% on investment I will still have my portion of money safe.
Now which way shall I go?? stick with this plan or stop putting money there and mange myself??
Suggestion expected.
I am new to US job market. I m in a fulltime position with 401K plan.
As I hear from my collegues, its not a good plan. They say - If u really want to save money put it in some stocks/gold/silver on regular interval. Overall you will get no benifit from it(401K plan) because you dont get any profit by investments.
On the other hand they are matching 50% of what I keep in the plan. It reduces few hundred dollar from my paycheck, but doesnt impact me on current financial situation. Even If I lose 33% on investment I will still have my portion of money safe.
Now which way shall I go?? stick with this plan or stop putting money there and mange myself??
Suggestion expected.