Don’t Believe the Critics — A 401(k) Plan Can Help You Build Wealth
March 20, 2018
2 Comments
Tammy Ingraham
on March 22, 2018 at 7:14 AM
Thanks for the info on the target date funds. I have been hesitant to do anything other than the retirement plan through the county my new employer offers. I am just starting this new career (5 months in), have hardly any retirement saved (except a very small >$2K in a Roth), and I know I need to do more than what my employer and I are doing together. (The Texas County retirement plan is great- a 12% match!- but I only have less than 11 years to retirement. I have to get more aggressive!)
You’re welcome, Tammy. That employer match is the best deal going. If it’s dollar for dollar, that’s a guaranteed 100% return on your money!
One word of caution. When you say you have to get more aggressive, I’d encourage you to not take on more risk than you should. But if you mean you need to contribute more to your retirement plan, absolutely.
Thanks for the info on the target date funds. I have been hesitant to do anything other than the retirement plan through the county my new employer offers. I am just starting this new career (5 months in), have hardly any retirement saved (except a very small >$2K in a Roth), and I know I need to do more than what my employer and I are doing together. (The Texas County retirement plan is great- a 12% match!- but I only have less than 11 years to retirement. I have to get more aggressive!)
You’re welcome, Tammy. That employer match is the best deal going. If it’s dollar for dollar, that’s a guaranteed 100% return on your money!
One word of caution. When you say you have to get more aggressive, I’d encourage you to not take on more risk than you should. But if you mean you need to contribute more to your retirement plan, absolutely.