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Updated about 8 years ago on . Most recent reply

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91
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Joel Bowen
  • Portland, OR
19
Votes |
91
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Which of the following 401K plans should I choose?

Joel Bowen
  • Portland, OR
Posted

I have been researching for months about how to select a 401K plan but in all honesty I don't really understand how to best choose a plan. Real Estate makes sense to me when I read a book, a forum post, or a podcast. A 401K on the other hand just seems like so much information is missing, it feels like shooting a gun at a target in a dark room. 

My company matches a 75% contribution up to 6%. I can easily afford the 6%, my lifestyle is minimal and we save 100% of my wifes full time income for REI, so this is just another way to plan for the future. If you were presented with the options below, which would you choose and why? Thanks for the insight guys!

Most Popular Reply

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12,855
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1,380
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Mark Nolan
  • Professional
  • Carlsbad, CA
1,380
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12,855
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Mark Nolan
  • Professional
  • Carlsbad, CA
Replied

@Joel Bowen

Interesting question. The printouts are not readable. 

A 401k is a tax shelter which means you shelter any contributions and gains for now but will ultimately pay taxes when distributions commence. As such, it is just another tool.

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