windxspiritx316
New member
Title, basically. I work for a nonprofit that gives me 7% no matter what in a Principal 401(k). Would it make more sense for me to contribute here, or open my own IRA through Fidelity or something?
edit: clarifying that my company contributes 7% to my 401(k) regardless of my own contribution. It's flat for everyone, and automatic. I've never heard of such a thing. My specific question is about which I should try to max first. The flowchart instructs "contribute to 401(k) the amount needed to get full match, but nothing more" and then move to max the IRA. Does it matter, or is it really based on the fee structures of the associated funds? For context I have no outstanding debt outside of student loans.
edit: clarifying that my company contributes 7% to my 401(k) regardless of my own contribution. It's flat for everyone, and automatic. I've never heard of such a thing. My specific question is about which I should try to max first. The flowchart instructs "contribute to 401(k) the amount needed to get full match, but nothing more" and then move to max the IRA. Does it matter, or is it really based on the fee structures of the associated funds? For context I have no outstanding debt outside of student loans.