Hi everyone, I am brand new here and have discovered the site just last week. My question may be obvious but I can't find an answer on the Internet anywhere. I would appreciate any responses very much. I am currently employed and have not ever started a 401k with my employer. After listening to Dave Ramsey, I now want to start a retirement plan. Can you tell me if there is any logic to not using the employer plan, and going directly to Vanguard and setting things up there? Advantages such as lower fees, more options, etc.? Has anyone done this or is it inherently smarter to use whatever employer plan is available? There is no match of any kind where I work, so no 3% match to consider.
Sorry if this has a very obvious answer. I had thought of going on to Vanguard and setting up index funds to invest in, then wondered if I was crazy not to use what my employer offers. The stocks/bonds/mutual funds world is new for me and has always scared me, that is why I have not invested this way before.
Thank you for your help!
Sorry if this has a very obvious answer. I had thought of going on to Vanguard and setting up index funds to invest in, then wondered if I was crazy not to use what my employer offers. The stocks/bonds/mutual funds world is new for me and has always scared me, that is why I have not invested this way before.
Thank you for your help!