Investing 102

[nicks67ca]

Originally Posted by WSSix

Company match anything is an annual pay raise since it's based on percentage of your pay. It's free money, take it.

I'm in the same boat with being locked into what my 401k is invested in for the most part. Mine isn't a targeted retirement account. It's simply a selection of mutual funds and I pick what level of investment I want, be it safe, moderate, or aggressive. What I would recommend is exactly what I'm doing. Put in the minimum amount needed to get the maximum company match, the free money, and then take whatever amount more you want to invest in retirement and open another personal account that you control. You'll just have to be diligent about sending the money to that account on your own instead of having the money removed automatically.

I can't answer your Wells Fargo question though, sorry.

Welcome to the thread and good luck.

Thanks...now that I think about it i think it is a selection of mutual funds just like you stated. I have a Roth IRA that opened as well that I contribute to out side the company plan.

Another perspective is once you reach retirement you can take the mutual funds and invest in other stocks, cds, ect.

Speaking of CDs an interesting thing my grandparents use a CD as their income. It was paying around 7% 10 years ago. Now they are getting 3%. They planned for low rates as a worse case but it it proves important to diversify even during retirement years.