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I am not sure if this is an appropriate question as it is not about ER, but I'll ask anyway.
My mom is making peanuts working at a local factory as her English is not great and she is very conscious about it. She used to be a teach but she would not attempt to be one now. Anyway, the company she is working for has this crappy 401K plan where the company only contributes once a year if they feel like it and whatever % they feel like paying. I was not really aware of it and she doesn't understand all these things. Anyway, she is contributing 10% but I am thinking it might be a complete waste, should she perhaps open an IRA instead? Or does she have any other options? Maybe she could just contribute the minimum (2%) at work and have the 8% go to to IRA?
What are your thought about it?
Thanks
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