Roth IRAs Often Beat 401(k)
Roth IRAs Often Beat 401(k)s [Fool.com: Motley Fool Take] November 15, 2005
One of the great draw backs in working for a company in Ch 11 bankruptcy is obviously the distinct possibility that one might lose their job at a point in the very near future. The part that might not be so obvious is that it really puts all other financial type decisions on hold for an undefined amount of time. No vacations. No major purchases. Another example, is the Roth IRA. I have known for sometime that it is a great place to save for retirement and that the benefits out weigh those of a traditional 401(k) but I have not been willing to commit the funds to a Roth because I feel I need to keep my assets liquid. I continue to contribute to my 401 (just at a lesser amount). I guess I could back out even further and commit that money to a Roth but real point is I feel I am stuck in limbo land. Unable to move in any real direction. If there was an end point I guess I could form a plan and act on it but we just continue to drift on the sea of Ch ll. I should be careful what I ask for though, Drifting is better than sinking.
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