401K
Posted By: Marcha on 2007-07-26
In Reply to: Any financial wizards - siren
The answer will depend upon your age and your tolerance of risk. The younger you are, the more aggressive you can be with your fund because time is on your side with markets correcting over time. On the other hand, the older you are, the more conservative you need to be because your time frame to recover from bad markets won't be as long. Only you can determine your tolerance for risk and that depends upon your complete financial picture. HTH.
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401K
I have had a Vanguard fund for 15 years. They took care of any changes as I aged;i.e., I'm in the age bracket where I now have 2 growth funds (safe), one aggressive fund, and a another fund which I don't remember what type it is. But when I opened this account with a rollover, I tried to choose a mix of everything, utilities (oil,water, gas, phone, and electric companies), merchandising (Wal-Mart, etc.), franchise restaurants (McDonald's, etc.), health care (drug companies, nursing homes, etc.).
I was a bit mad when they switched my utility account to a "safe" fund. Think how much money I could have now. LOL
Just read your prospectus carefully AND the amount of yearly costs and expenses. That could make a huge difference in your overall "profit".
Ind 401K for self employed
There is a new type of retirement fund for self employed business people where you can put money in as both an employee ($15,000) and as a percentage of your profits as the business owner. It is called an Ind 401K. Here is a link...
http://www.troweprice.com/common/index3/0,3011,lnp%253D10264%2526cg%253D960%2526pgid%253D10057,00.html?scn=Low-cost_plans_with_&rfpgid=7622
I wanted to go with T. Rowe Price but they do not allow loans, so i decided to go with Oppenheimer.
I think it's different from 401K matching
but I would think the distribution of it might be different from company to company. I think some companies have profit sharing in the form of stocks and such. Others give bonus checks based on percentage of profit either yearly or quarterly.
Disclaimer: I'm no financial wizard, though. Sorry!
Sure you can. I currently have 2 401K, a Roth
IRA and a traditional IRA. I will probably roll one of the 401K over into an IRA.
E-MTS has 401K plus match and benefits. Try them.
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also 401K, % of company contribution, etc...nm
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Each 401K is a separate entity. You can have...sm
as many as you want. Sure helps with the taxes!
I have what is perhaps a dumb question about 401k plans. Can you have 2? sm
I am starting a part-time job in addition to my full-time job, and they both have 401k plans with matching, so if I could have both, I could get a little extra on both sides. Somehow, though, I am thinking that probably is not allowed. 
Thanks for your input.
plus my company was kind enough to put $4K in my 401k every year...*smiles*
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MedQuist pays PTO and offers 401K to part-timers.
You have to work 16 hours a week minimum.
Only if they're paying 20+ per/hr with cheap benefits, 401K, and generous vacation time.
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