Most definitely you should put money in a 401(k) as well as an IRA if you can afford to do it, ... The problem most people have is trying to get one dollar chase multiple needs. If they've got too much saved in retirement plans and not enough outside of them, they've over-allocated retirement. So first make sure you're saving the proper amount.
More Quotes from Richard Applegate:
It's double taxation and fairly dumb. In my opinion it doesn't make a lot of sense to consider the non-deductible IRA route.Richard Applegate
I can't tell you how many times people will tell me they're not signing up. I don't know if they get it, don't get it, don't care, or what.
Richard Applegate
It's not very exotic, ... It's straightforward, logical thinking. But people get stymied. I don't think people think about making their money work for them at all, let alone how to make their money work for them when it comes to retirement investing with their 401(k) and IRA.
Richard Applegate
Wrong, wrong, wrong, stupid. Taking the money out is absolutely the worst thing to do. You see people after years have all of their gains wiped out.
Richard Applegate
Delaying is really costly. If you don't have time on your side, you don't have compounding.
Richard Applegate
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