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Reply to "No 401K option with job - tips to start retirement saving in other ways??"
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[quote=Anonymous]Start with the IRA... and personally, I'd start looking for another company once your loans are paid off (I think it is awesome and super smart that you're being aggressive about those). The access to putting away an extra $18k a year (only to go up over the years) in a tax advantaged account, whether regular 401k or Roth 401k, is really important. It is worth hundreds of thousands of dollars at retirement, either in additional growth on non-taxed dollars (regular 40k1) or taxes you don't have to pay at withdrawal (Roth 401k). Once your loans are paid off, you're going to need to be saving more than IRA amounts, and no access to a 401k (or similar) would be a dealbreaker at a job for me once I got to that point. You could just invest generally, but that will cost you so much money in the future. Don't underestimate how big of a deal this is once you want to put more than $5,500 a year, and you'll need to once your debt is gone. [/quote]
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