401K/ IRA advice for recent college grad

[Josh Tonnesen]

Hello Community I am starting a new corporate job, and I am looking for some advice. The employer has a 401K matching policy, and I would want to take advantage of that. Being younger and an investor, I think I would want to do Roth 401K, since I would have access to my money earlier. My plan is that I would take advantage of the matching policy, and then as soon as possible, get the money back for myself to invest. However I am not too familiar with retirement plans, so I am looking for some advice on the subject. IRA Thanks, Josh Tonnesen

[Brian Eastman]

@Josh Tonnesen

Absolutely set aside as much as you can and at least as much as your employer will match.  That match is essentially a free 100% return on investment.  Pursuing a Roth strategy makes good sense as well.   While you are younger and likely in a lower tax bracket, you can sock away a nice basis of Roth money that can grow tax free.

I highly recommend that you sit down with a fee-only financial advisor - a true advisor/consultant, not a commissioned investment salesperson.  Draw up a plan and stick to it.  You will be very glad you did.  And the education you get on your many near/mid/long term options will be well worth it.