General Discussion

FarCenter

(19,429 posts)

13. The 401K also shelters investment income.

Thu Nov 29, 2012, 06:23 PM

Nov 2012

So you should max out your 401K contributions in order to get the maximum deduction on your taxes and to shelter the investment income from those savings in future years IF the 401K provides the opportunity to diversify your investments in low-fee funds. Many 401Ks put the company match in company stock, and you should roll out of company stock into diversified funds as soon as the plan permits. You have enough company-correlated risk in just being employed by them.

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41,000 Retirees Say Verizon Is Dumping Them [View all] douglas9 Nov 2012 OP

I cannot wait until ann--- Nov 2012 #1

CREDO MuseRider Nov 2012 #7

I was checking them out yesterday but still clueless LiberalFighter Nov 2012 #12

Sickening. When will people learn that employees mean TwilightGardener Nov 2012 #2

these people are managers riverbendviewgal Nov 2012 #3

that's what happens when you become managment you sell everything to the whims of the company leftyohiolib Nov 2012 #6

When I worked for the phone company DavidDvorkin Nov 2012 #8

Dollars and cents JustAnotherGen Nov 2012 #4

Defined benefit pension plans are very risky FarCenter Nov 2012 #10

That's what I'm thinking JustAnotherGen Nov 2012 #11

The 401K also shelters investment income. FarCenter Nov 2012 #13

I used to work for Verizon Yo_Mama_Been_Loggin Nov 2012 #5

If Prudential goes bankrupt, does PBGC still step in to pay the remainder? FarCenter Nov 2012 #9