Hello,
I am going for a corporate dental job and they offer a 401k through ADP as the administrator and there is no match. I have heard terrible things about them as a retirement plan admin. This is the first job where I have been offered a 401k plan so my knowledge of 401k plans is very limited. Is the tax incentive worth it? I could max out my 401k by the end of the year. FYI last year my wife had her first 401k as well (through Empower) and I was unable to take a deduction on my IRA contributions last year. Would I be better off putting this money in a non retirement fund? Please advise and thanks for your help on the matter.
I am going for a corporate dental job and they offer a 401k through ADP as the administrator and there is no match. I have heard terrible things about them as a retirement plan admin. This is the first job where I have been offered a 401k plan so my knowledge of 401k plans is very limited. Is the tax incentive worth it? I could max out my 401k by the end of the year. FYI last year my wife had her first 401k as well (through Empower) and I was unable to take a deduction on my IRA contributions last year. Would I be better off putting this money in a non retirement fund? Please advise and thanks for your help on the matter.
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