Comments on: What Is A 401k And Why Should I Use It?

By: Jesusmoon23

Jesusmoon23 — Thu, 04 Aug 2011 20:15:00 +0000

Opps I meant 401k*******

By: Jesusmoon23

Jesusmoon23 — Thu, 04 Aug 2011 20:14:00 +0000

I just turned 21 and my contribution was at 4% Wich is what my company matches
one year later I have 1,200 in my 501k that may
Not be alot compared to others but not a bad start
Good article boss man this really explained some of
The questions I had I know it’s a risk to invest heavily
But I figured the only thing I’m paying for
Is the light bill at my dads house so wish me luck

By: Guest

Guest — Thu, 16 Jun 2011 22:39:00 +0000

What a spam

By: Foobar

Foobar — Fri, 03 Jun 2011 13:06:04 +0000

Thanks for the great article. Helps me decide if I want to do it or not — almost seems like a no-brainer with company matching.

By: Daddy Paul

Daddy Paul — Tue, 05 Jan 2010 02:39:48 +0000

Good read. I might add asset allocation will vary based on your risk tolerance as well as your age. .-= Daddy Paul´s last blog ..How much company stock should you keep in your 401K? =-.

By: hank

hank — Fri, 20 Jun 2008 22:28:23 +0000

@Brian – Good call. I was aware of that, but did neglect to put it in there. Furthermore, if you DO go over the 15,500 limit, the money will need to be removed from your 401k plan plus any earnings. These funds will then be taxed. So sticking below the limit is in your best interest. There are other places to put that $.

By: Brian

Brian — Thu, 19 Jun 2008 09:52:41 +0000

I liked your article about 401k but your discussion of contribution limits was a bit unclear. There are limits on contributions. Your company may allow you to contribute 99% of your income to your 401k but the government will limit you to $15,500 (unless you meet the late-bloomer category in which case it’s $20,500). Find more information here:
http://mutualfunds.about.com/od/retirement/a/2008_limits.htm.
I’m sure you’re aware of this Hank, but from the pst your readers many not be. Just want to make sure everyone has the right info.

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