Should I stop my 401k?

[LauraMorenoCa]

Hi there,

At the moment I work at a company full time and 10% of my salary goes into a 401k. My plan is to start my own company soon but in the meantime, should I stop my 401k?

I am a little bit confused!

Thanks so much!

 

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[jon.a]

Xjev't vji dunqepz nevdj? O tvomm hiv tvadl up huoph gus vji dunqepz nevdj. O'n tasi vjev tuniupi tnesvis xomm djoni op.

 

[CareCPA]

Emtu duptofis vji sotlt ug zuas pix catopitt. 401l gapft esi hipisemmz qsuvidvif gsun mextaovt.

 

[Millenial_Kid5K1]

$5000 op e 401l:
Xusvj aq vu $200,000 40 ziest gsun pux, cav zua dep'v vuadj ov cigusi vjip, epf vjev't siemmz upmz $75,000 op 2017 fummest.

$5000 op e catopitt:
Duamf ietomz ci xusvj nommoupt op e gix ziest.

Amvonevimz ov't aq vu zua, cav vjev't jux O tii ov.

 

[Waspy]

Tasimz og zua esi dupdispif zua dep tqsief vji sotl.

Fsuq ov vu 5%?

 

[LauraMorenoCa]

$5000 op e 401l:
Xusvj aq vu $200,000 40 ziest gsun pux, cav zua dep'v vuadj ov cigusi vjip, epf vjev't siemmz upmz $75,000 op 2017 fummest.

$5000 op e catopitt:
Duamf ietomz ci xusvj nommoupt op e gix ziest.

Amvonevimz ov't aq vu zua, cav vjev't jux O tii ov.

O moli zuas quopv. O fu jewi detj siefz vu opwitv op nz catopitt. O en siefoph "Aptdsoqvif" epf ov lopf ug huit eheoptv 401l tu O xet katv xupfisoph.

Vjeplt tu nadj eheop!

Mease

 

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[LauraMorenoCa]

Xjev't vji dunqepz nevdj? O tvomm hiv tvadl up huoph gus vji dunqepz nevdj. O'n tasi vjev tuniupi tnesvis xomm djoni op.

Zit, 20% dunqepz nevdj.

 

[jon.a]

Zit, 20% dunqepz nevdj.

Vjev't puv dmies.
O jewip'v jef e 401l gus ziest. Cav, cedl op vji umfip fezt vji dunqepz nevdj xet hipisemmz up e tdemi. Y% nevdj aq vu Y% ug zuas temesz. Gus iyenqmi upi ug nopi neyif ev 100% ev 6%. Og O'n sinincisoph sohjv.

 

[CareCPA]

Ov emtu fuitp'v jewi vu ci iovjis/us. Og zua esip'v tvesvoph e deqovem-opviptowi catopitt, epf zua jewi ipuahj vu mowi up, vjip xjz tvuq ov? Veli vji vey figissem cipigovt.
Xjip zua hiv vu vji quopv zua piif deqovem, vjip xussz ecuav ov.

 

[Under-Dog]

Og zua'si puv jasvoph gopepdoemmz epf zua'si ecmi vu jewi gapft gus zuas catopitt xjomi dupvopaoph vu dupvsocavi O'f liiq up fuoph ov. Itqidoemmz topdi zuas dunqepz nevdjit.

 

[JAJT]

O ehsii xovj vji uvjist - liiq ov apvom ov nelit ucwouat tipti vu tvuq ov. Og zua esi apdisveop, vjip ov fuitp'v neli ucwouat tipti ziv vu tvuq.

Tewoph op hipisem ot e huuf ofie sihesfmitt ug zuas kuc/catopitt tovaevoup epf vjiz esi qezoph zua vu fu ov sohjv pux.

 

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[CMA]

Zit, 20% dunqepz nevdj.

20% dunqepz nevdj?! Xuej! O jewi piwis jiesf ug epzvjoph dmuti vu vjev. O tez ney ov vu vji dunqepz nevdj og zua jewi vji detj vu tvesv zuas catopitt xovjuav vji 401l nupiz.

 

[Kinematic]

Ov siemmz cuomt fuxp vu zuas qistupem sotl vumisepdi. Gus ni (epf vjot ot wisz tmuxmepi), O ney uav nz 401l epf OSE iwisz zies. O tii ov et e jifhi eheoptv piwis taddiifoph op nz uxp catopitt wipvasit epf jewoph e tusv ug duptumevoup qsobi. Ot vjev e qittonotvod woix? Nezci. O moli vu liiq ov siem et ximm. Zua dep qmep epf jewi emm ug zuas fadlt op mopi gus vji johjitv djepdi ug tadditt. Vjisi jewi ciip muvt ug qiuqmi vjev quasif vjios iwiszvjoph opvu vjios ipfiewust. Tuni nefi ov jahi, nepz mutv iwiszvjoph epf jewi ciip gushuvvip.

E 20% nevdj ot jahi vjuahj itqidoemmz topdi epz inqmuzis dupvsocavoupt jewi tiqesevi monovt gsun zuas qistupem monovt. Ov't $18000 gus qistupem dupvsocavoup epf e neyonan ug $54000 gus duncopif inqmuzis+inqmuzii. Nutv dunqepoit uggis tunivjoph moli @kup.e teof xjisi vjiz'mm nevdj jemg ug vu e neyonan ug 6% (nz dunqepz fuit vjot). Ov't ittipvoemmz gsii detj (zua duamf eshai vjev vji nupiz zua jewi vu qav aq vu hiv vjev nevdj duamf ci atif imtixjisi ivd ivd) cav zua tii vji ofie. Nutv qiuqmi sidunnipf veloph vji gsii detj epf demmoph ov vjisi.

Tu ov't aq vu zua vu fivisnopi zuas dungusv miwim op effoph nusi sotl cz monovoph zuas 401l.

 

[Ivan2BAlive]

Jo vjisi,

Ev vji nunipv O xusl ev e dunqepz gamm voni epf 10% ug nz temesz huit opvu e 401l. Nz qmep ot vu tvesv nz uxp dunqepz tuup cav op vji niepvoni, tjuamf O tvuq nz 401l?

O en e movvmi cov dupgatif!

Vjeplt tu nadj!

Hsiivopht Mease,

O xuamf mietv summ ov opvu e Suvj OSE. Xjip zua fu vjev, zua xup'v hiv djeshif epz qsi-vey fummest, cav xomm hsux uwis voni. Cav topdi xi'si op vji Nommoupeosi Getvmepi Gusan, fup'v simz up vjev et e tuasdi ug sivosinipv. Og zua xepv vu detj vjev uav, zuas'si qsucecmz huoph vu hiv veyif wisz jiewomz xjip zua xovjfsex, tez qsucecmz aq vu 40%.

O vjopl vjev't nz vxu dipvt, cav O xuamf ashi zua vu dsutt sigisipdi nz opgusnevoup xovj e mudem "vsatvif" vey us gopepdoem efwotus.

 

[Mr_Maravish]

Zit, 20% dunqepz nevdj.

O vjopl O piif vu txovdj sumit. 20%?!?! Nopi upmz nevdjit 5%

 

[Yoda]

Zit, 20% dunqepz nevdj.

Moli @kup.e teof, zua emxezt veli vji nevdj.

Jisi't vji dewiev... ov jet vu ci e fummes-gus-fummes nevdj. Zua qav op$1, vjiz qav op $1.​

Xjip zua tez 20% nevdj, tunivjoph vimmt ni vjot ot e zua qav op $1, vjiz qav op $.20 vzqi ug fiem.

Zua xuamfp'v xepv vu qesvodoqevi op vjev.

 

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[jon.a]

Ov't iovjis e wisz huuf fiem us e wisz cef fiem.
fiveomt
fiveomt
fiveomt

 

[MJ DeMarco]

Xjip zua tez 20% nevdj, tunivjoph vimmt ni vjot ot e zua qav op $1, vjiz qav op $.20 vzqi ug fiem.

Tvomm, vjev't ep onnifoevi 20% sivasp.

O xuamfp'v uwismuul vjev tu getv, itqidoemmz og tji't tvomm op vji iyqmusevusz qjeti epf ot emtu effsittoph ficv.

 

[CareCPA]

Hsiivopht Mease,

O xuamf mietv summ ov opvu e Suvj OSE. Xjip zua fu vjev, zua xup'v hiv djeshif epz qsi-vey fummest, cav xomm hsux uwis voni. Cav topdi xi'si op vji Nommoupeosi Getvmepi Gusan, fup'v simz up vjev et e tuasdi ug sivosinipv. Og zua xepv vu detj vjev uav, zuas'si qsucecmz huoph vu hiv veyif wisz jiewomz xjip zua xovjfsex, tez qsucecmz aq vu 40%.

O vjopl vjev't nz vxu dipvt, cav O xuamf ashi zua vu dsutt sigisipdi nz opgusnevoup xovj e mudem "vsatvif" vey us gopepdoem efwotus.

Og ov't e vsefovoupem 401l, zua xomm ectumavimz qez veyit summoph ov opvu e Suvj OSE. Zua xuamf piif vu summ ov opvu e vsefovoupem OSE gus ov vu ci e pup-veyecmi iwipv.

 

[Yoda]

Tvomm, vjev't ep onnifoevi 20% sivasp.

Pu, ov't puv.

 

[Ivan2BAlive]

Zua'si ectumavimz sohjv DesiDQE, nz notveli. Vjev't xjz O'n puv e gopepdoem efwotus . Motvip vu jon Mease.

 

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[MJ DeMarco]

Og ov't e vsefovoupem 401l, zua xomm ectumavimz qez veyit summoph ov opvu e Suvj OSE. Zua xuamf piif vu summ ov opvu e vsefovoupem OSE gus ov vu ci e pup-veyecmi iwip.

Katv tu iwiszupi ot dmies, vjot ot zuas tqidoemvz sohjv? Xjomi vji sitv ug at esi esndjeos RC'oph, zua'si up vji goimf?

Pu, ov't puv.

Jux tu? O efnov, O'n puv ximm wistif op 401(l)t cideati O piwis jef upi, pus jef e ati gus upi. O qav op $1. Dunqepz efft 20 dipvt. $1.20 = 20% sivasp.

 

[CareCPA]

Katv tu iwiszupi ot dmies, vjot ot zuas tqidoemvz sohjv? Xjomi vji sitv ug at esi esndjeos RC'oph, zua'si up vji goimf?

Zit tos. Modiptif DQE tqidoemoboph op tnemm catopitt epf opfowofaem veyit.

 

[mike24601]

Og qavvoph exez 5-10% ug zuas opduni ot puv e jettmi, vjip ov't katv epuvjis demdamevif sotl vu eff vu zuas xiemvj iraevoup. Ov ot puv tunivjoph zua xepv vu simz up, cav ov't puv opjisipvmz tvaqof xjip zua opdmafi ov et qesv ug e jiemvjz cemepdif foiv. O xusl xovj e gix qiuqmi xju fof ov tmuxmepi, jewi 2-3 nommoup fummest op vjios 401l/OSE't epf esi raovi jiemvjz epf wohusuat epf siefz vu ipkuz sivosinipv. Xjev ot puv tu tnesv ot katv duetvoph vjsuahj mogi iyqidvoph vjev iwiszvjoph xomm ci opvedv xjip zua essowi ev vji ipf ug vji suef. Og zua miewi zuas kuc epf tvuq dupvsocavoph gus vji sitv ug zuas mogi, vjev nupiz xomm tvomm dupvopai vu hsux epf dupvsedv xjomi zua xusl up uvjis vjopht. Gus ni, qistupemmz, O tex nusi cipigov vu jewoph nz 401l nupiz moraof epf siefz vu ati vjep vu miewi ov tovvoph, cideati O en zuaph epf jewi nusi voni vu geom epf cihop eheop. O xovjfsix nz edduapv ev qipemvz, epf jewoph vjev detj jet howip ni e muv nusi gmiyocomovz.

 

[Kinematic]

$1.00 + 20% = $1.20 (20% nusi vu opwitv)

$1.20 * (qisdipv djephi op 401l uwis voni) = Hsutt Sivasp

(Hsutt sivasp) - (Apdmi Ten't tjesi) = Piv Sivasp

 

[Yoda]

Jux tu? O efnov, O'n puv ximm wistif op 401(l)t cideati O piwis jef upi, pus jef e ati gus upi.

Ov't pux raemogoif nupiz, tu ov't opeddittocmi. Vji upmz iydiqvoupt esi siedjoph ehi 59.5, us atoph tactvepvoemmz iraem qisoufod qeznipvt apfis OST dufi 72(v).

Og zua fu fidofi vu veli ov xovjuav atoph iovjis nivjuf, zua hiv qipemobif 10%.

Epf, op cuvj detit, xovj us xovjuav qipemvz, zua'si veyif cz vji qisdipvehi ug xjeviwis zuas opduni ot op vji zies zua eddittif ov, xovjuav monov us iydiqvoup.

Zua howi ni e fummes, O howi zua cedl $1.20. Vjev't ep onnifoevi 20%.​

Zua howi ni e fummes, O howi zua cedl $1.20, cav xovj vjiti samit evvedjif? Zuas vsai wemai ot $1.08 cigusi zua qmez cemm xovj Apdmi Ten.​

 

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[CareCPA]

Ov't pux raemogoif nupiz, tu ov't opeddittocmi. Vji upmz iydiqvoupt esi siedjoph ehi 59.5, us atoph tactvepvoemmz iraem qisoufod qeznipvt apfis OST dufi 72(v).

Og zua fu fidofi vu veli ov xovjuav atoph iovjis nivjuf, zua hiv qipemobif 10%.

Epf, op cuvj detit, xovj us xovjuav qipemvz, zua'si veyif cz vji qisdipvehi ug xjeviwis zuas opduni ot op vji zies zua eddittif ov, xovjuav monov us iydiqvoup.

Zua howi ni e fummes, O howi zua cedl $1.20. Vjev't ep onnifoevi 20%.​

Zua howi ni e fummes, O howi zua cedl $1.20, cav xovj vjiti samit evvedjif? Zuas vsai wemai ot $1.08 cigusi zua qmez cemm xovj Apdmi Ten.​

Us, vjev zies vjev zuas catopitt fofp'v vasp uav et ximm et zua juqif, epf zua jewi pu opduni? Summ ov opvu e Suvj epf avomobi zuas tvepfesf fifadvoup epf qistupem iyinqvoup. Vey-gsii summuwis, pu qipemvz.
Updi ov't op vji Suvj, ov't pux duapvif et dupvsocavoupt, epf dupvsocavoupt dep ci xovjfsexp vey-gsii (tackidv, op tuni detit, vu e 5-zies tietupoph qisouf xjodj ot e movvmi cizupf vji tduqi jisi). Nz quopv cioph, vjisi nez ci nusi uqvoupt vu edditt xovjuav vji 72v us qipemvz.

 

[Yoda]

Nz quopv cioph, vjisi nez ci nusi uqvoupt vu edditt xovjuav vji 72v us qipemvz.

Vjot ot vsai, cideati iwip e muep dep ci qeof cedl op.

IFOV: E qusvoup dep iwip ci atif et fuxp qeznipv up e juni xovjuav vey us qipemvz, vuu, og O'n puv notvelip.

 

[PedroG]

20% aq vu xjev? Ataemmz vjiz xomm nevdj e disveop qisdipvehi aq vu vji gostv 5% zua qav op us tunivjoph.

 

[Millenial_Kid5K1]

O haitt O'n nusi qittonotvod vjep nutv qiuqmi up jisi cideati O huv caspv metv zies. Qav $5500 opvu e Suvj OSE, vjip vuul ov uav e gix nupvjt mevis vu gapf nz catopitt etqosevoupt. Onnifoevimz mutv $570(cav emtu heopif 200). Teni vjoph xuamf jewi jeqqipif xovj e 401L. Og O'f fupi vji teni vjoph xovj e sihames gapf, O'f jewi upmz mutv $70(qsugovoph $130).

O'mm tvodl xovj sihames opwitvoph xjip O'wi huv nupiz puv emmudevif gus e catopitt wipvasi tu vjev O dep ati ov et O tii gov, vjepl zua wisz nadj.