401K question - just starting with my first 401K?
Thursday, November 1st, 2007
Venturestein asked:
Hi,
I just started a job around 3 months ago. I finally got through my probationary period and now qualify for the companies 401K program. I have never had a 401k before so i am somewhat in the dark regarding several things.
I have been told by several people that since it is close to the end of the year i would be better off just waiting until January to sign up - something about to avoid having to turn anything from it in on my tax return from this year. Is this a good idea?
Does it really matter? Would it make a difference if i signed up now, or just waited 2-3 months?
Thanks!
Question posted courtesy of: Jared
Hi,
I just started a job around 3 months ago. I finally got through my probationary period and now qualify for the companies 401K program. I have never had a 401k before so i am somewhat in the dark regarding several things.
I have been told by several people that since it is close to the end of the year i would be better off just waiting until January to sign up - something about to avoid having to turn anything from it in on my tax return from this year. Is this a good idea?
Does it really matter? Would it make a difference if i signed up now, or just waited 2-3 months?
Thanks!
Question posted courtesy of: Jared
