401 K

[sophie]

You should save the maximum allowed in your retirement accounts,because you don't have to pay taxes on gains each year, money will grow faster than in taxable accounts.

[saurabh]

yes but i have heard that you can not draw your money from your retirement account at any random time.So, this is a big drawback.

[dreamr802]

What exactly is a 401 K? I know the basis of one but other than that I have absolutely no idea. Should I get one now (even though I'm only 22 and right now I'm making minimum wage?)

[Meya]

I was just reading a website about Rollover 401k's, has anyone heard of this? Is it a better option from the traditional 401k?
https://www.americancentury.com/roll...r_benefits.jsp

[Meya]

6/17/2009