Should I wait until new job starts in a few months, or should I set up 401k now?

Poll - Total Votes: 11

wait until new job in 3 months

start 401k NOW

You can only vote on one answer.

**Edit--[b][u]I am employed.[/u][/b]

I have been meaning to set up my 401k since January...

...there was something that I didn't understand how to do online..

Anyway, I start a new job in 3 months, should I just wait til I start the new job?

I have a little money in a retirement account from another job that I need to figure out how to get out...

🥴
**Edit--[b][u]I am employed.[/u][/b]

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samueltyler2 · 80-89, M

I don't know how you can set up or contribute to a 401K except through your employer. If you can do it asap. I never realized how important putting as much away as you can was until I decided to retire! It seems a long way off, but time flies!

iamnikki · 31-35, F

@samueltyler2 i am currently employed...hence why I said I've been meaning to set up the 401k in January, which is when I first became eligible.

samueltyler2 · 80-89, M

@iamnikki it may be late, but if in were you, I'd do it asap! It is forced savings. If you company contributes to it, that is another major plus!

iamnikki · 31-35, F

@samueltyler2 from my understanding, you will only get what a company matches, if you are employed at the company for 5 years...I'm leaving in 3 months so I'm trying to understand the difference a few hundred dollars (my contribution between now and then if i start now) will make.

Slade · 56-60, M

@samueltyler2 You can put several thousand in cash each year in a 401. The amount will be deducted from your bill

iamnikki · 31-35, F

@Slade you arent understanding what I'm saying. I don't see a point in putting money in a 401k that's gonna need to be transferred in 3 months, [i]if[/i] I'm eligible to contribute to 501k asap, or in 12 months if employer says I have to wait...
I've made my decision then...I'll just wait. Thanks though.