Contribute to your 401K
Planning for retirement is one of the most important financial decisions you can make. There will always be debates over which investments are better and how you should save your money, but one fact will always be agreed on and that is to start planning and saving early. There is nothing better than having time and compounding interest on your side.
Â Many times people ask if it is better to contribute to your employee sponsored 401K program or contribute to a Roth IRA. The simple answer to this question is if your employee sponsored 401K program offers any type of match benefit then you should take advantage of this free interest. However I would suggest only contributing the maximum amount that they match.