Is a 457 or 401k beneficial to me

Is a 457 or 401k beneficial to me

New York, NY · Member since 2017 · 81 posts · 19 votes

I’m 26 and I’m all about personal finance and investing. I have a good amount of money that invest in stocks and I also max out my Roth ira every year. My job provides a pension and annuity for retirement so this would just be extra. Any benefit for me other then saving more for retirement ?

1Reply
95 views

Most Popular Reply

Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
4y

@Chris Breezy,

If your employer offers a match for the employer sponsored retirement plan - that is immediate benefit. You should contribute at least up to the match. For example: if them match 50 cents for every dollar that you contribute up to 5% of your salary, you should contribute 5% and get 50% immediate return on your money (not counting the investment returns). 

See this reply in the discussion

27 Replies

Jump to latestLatest
  • The Triangle, NC · Member since 2021 · 193 posts · 117 votes
    3y
    Quote from @Account Closed:
    Quote from @Chris Breezy:

    I’m 26 and I’m all about personal finance and investing. I have a good amount of money that invest in stocks and I also max out my Roth ira every year. My job provides a pension and annuity for retirement so this would just be extra. Any benefit for me other then saving more for retirement ?

    This is a real estate investment forum. Have you considered real estate? Lol

    To be fair, we are in the Personal Finance section of the real estate forums.  :)
  • Investor · Scottsdale Austin Tuktoyaktuk · Member since 2021 · 4k+ posts · 4k+ votes
    3y
    Quote from @Paul Vail:
    Quote from @Account Closed:
    Quote from @Chris Breezy:

    I’m 26 and I’m all about personal finance and investing. I have a good amount of money that invest in stocks and I also max out my Roth ira every year. My job provides a pension and annuity for retirement so this would just be extra. Any benefit for me other then saving more for retirement ?

    This is a real estate investment forum. Have you considered real estate? Lol

    To be fair, we are in the Personal Finance section of the real estate forums.  :)
    I'm just thinking it's funny. It's like going to a Mercedes Benz forum and asking about Cadillacs. Lol
    Sure, there will be lots of opinions but are they relevant?
    No harm, tho'. Just humorous to see, no mention of real estate. ;-)
Join the conversationCreate a free account to reply, vote on answers and follow this thread.