If they aren't matching a contribution, is it even worth me contributing? I'd like to always invest 10% of my wage towards my retirement, but maybe I should just be putting it in a personal retirement account instead. The company also offers a roth 401k which I think they never contribute to, would it be worth it to put it in that? This is my first 401k account, I don't have any other personal accounts.
Edit: typo in title --> *once a year
Edit: In addition, there's a vesting period so my percent vested will take a few years to grow to 100%. This is an hourly wage job that I'm not entirely sure if I'll be working here for just this holiday season or years into the future. In that case I'm getting even less from the company, so is it still worth contributing to the company's plan? Or just get my own personal account?
Edit: okay, I think I just understood a concept that I was unclear on: an IRA is a personal investing account and a 401k is an employers investing account, correct? From what I'm gathering, based on my situation that doesn't include contribution matching, I should contribute solely to my IRA unless I'd be hitting my contribution limit, at which point I'd then max out my company 401k. Does that sound correct?
Submitted November 23, 2018 at 08:49PM by GetOutsideDrinkWater https://ift.tt/2DGWGW3
