Salient to Investors:

If you are beginning your career, you are probably in a lower tax bracket than you will be at retirement so a Roth (401)k may make sense, unless you think your income will decline at retirement age, when a regular 401(k) may make sense – or both if you can afford it.

Have a long-term investment plan with a mix of low-cost mutual funds and stick with it even if the market falters.

Don’t touch your 401(k) before you retire.

Think about paying off high-interest debt with 401(k) loans, especially high-interest credit card debt, but remember in most cases, the loan must be repaid within 5 years, and if you leave your company, normally within 60 days, or else you will get hit with income taxes and early withdrawal fees.

Roll over the funds if you leave your job.

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