Long term planning
January 16th, 2008Tags: 403b, Investments, IRA, Retirement
As the new year came, my work offered me a chance to participate in their 403b plan. I saw this as a chance to make an instant 50% return on the first 6%, 50¢ on each $1 invested, that I chose to have withdrawn from my check and placed in it, so I naturally signed up for it. I really don’t know how long I will be there, but that really doesn’t matter, as I just wanted to take the free money since it was offered.
I’ve got a co-worker that is nice enough to bring me Money Magazine each month, and today suggested that I look into opening an IRA while I’m as young as I am. I’ve read about this some in the recent past, and am going to do alot more digging and number crunching before the month of April comes along.
40+ years is a long time, and a ton of things can change in that amount of time, but doing things early won’t hurt at all.
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