Sunday, September 11, 2011

401(K) plan question? | Roth Ira

September 10, 2011 ? Consultant ?

My workplace offers ING funds for the 401(k). The account management fee yearly is $15. I may choose one of their funds called ING Global something, which has a total operating expenses of 0.66/year. I invest in a ROTH IRA at $50/month. I live on paycheck to paycheck and have a very tight budget. I?m not sure what to do. One voice says to not invest in the 401(k) and the other voice says go ahead. The starting contribution is $500 and I don?t have that kind of money right now. I kind of think in a few years when I have a better job from being a rad tech, I make good money.

Source: http://rothira.soluti-ons.com/roth-ira/401k-plan-question/

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