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iwz Jul 23, 2004

Dude, I've been doing my 401k since 1998. Get with it.

thefunkyfresh Jul 26, 2004

Hey ian, can you give me some info on starting a 401k, or did you do it through your company?

iwz iwz

through my company. are you full time? they should have a 401k or at least some pension or annuity fund you can do

thefunkyfresh thefunkyfreshFounder

not sure if they do or not, Aventis does, but not my contracting agency i dont think

yay yayOG 2004

what happens say if you switch jobs? do you transfer the 401k? take it out? know of any good websites explaining this?

iwz iwz

it all depends. usually you can transfer it to your new job. but, if your company matches some amount that you invest into it, you may not get 100% of the money they put into it unless you're fully vested, or other rules the particular company has in place.

ask your HR dept about it.

yay yayOG 2004

heh and im going to assume that my boss is evil enough to release me as soon as that 'fully vested' period is about to happen, gotta love it

katiedid katiedidFounder

unfortunately most smaller companies do not offer such benefits.

iwz iwz

yeah? hrm. well, I don't really know, I've only ever worked for two companies. One was around 500 employees; they had a 401k and would match $0.50 on a dollar up to some amount.

And my current company has only 30 employees; they have a 401k, but don't match anything on it, which is kinda beat.

Well, if your company doesn't have a 401k, you should definitely be investing in a Roth IRA.

beachbum beachbumOG 2002

Doesn't ING do 401K? I don't think you need to be in any certain co to enroll do you?

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