I want to start saving for the future. Should I start a 401k before I find my dream job?
I want to start saving for my future, but I don't have a "career job" just yet. Is starting my own 401K through my credit union silly? I'm 22 and studying to become a medical social worker.
Asked By: Judy - 11/3/2007
Best Answer - Chosen by Asker
By all means you should start your 401k because in most cases your employer will match your contribution by some specified percentage. Nowadays, the matches aren't as generous as they used to be but it is still "free" money your employer is offering... More
Answered By: Tom Z - 11/3/2007
Additional Answers (4)
If you are paying taxes, it's never too early to start.
Answered By: zeal4him - 11/3/2007
No! It's a Great Idea. The sooner the better in fact it's a good way to accumulate a million well before you are 65... More
Answered By: cal1 - 11/3/2007
TOTALLY do it now. Even waiting 5 years to do this will eat into your $ at retirement significantly.
Answered By: magy - 11/3/2007
Q. Should I start a 401k before I find my dream job... More
Answered By: StephenWeinstein - 11/3/2007
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