{ "media_type": "text", "post_content": "Starting a job on Monday - the company does not yet offer employer match for 401k. Would you still contribute or move straight to IRA? The company is a startup and working on establishing a match. All of the other benefit plans/offerings are insane.", "post_id": "60318dc8f4bc8500212ecf96", "reply_count": 13, "vote_count": 1, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

Starting a job on Monday - the company does not yet offer employer match for 401k. Would you still contribute or move straight to IRA? The company is a startup and working on establishing a match. All of the other benefit plans/offerings are insane.

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IRA first to get meow flexibility in your investment options. You may still want to contribute to the 401k but only after the IRA is maxed.

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If you can swing it, put the max into both. You can contribute $19.5k to 401k and $6k to IRA regardless of your salary (you can’t deduct the IRA if your AGI is more than $76k as a single filer or $125k filing joint)

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What’s your income?

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Marginal tax bracket is close to 32% federal, not sure his state tax bracket. So he may be much better off doing a traditional 401k because of the tax differential of now vs at retirement. This would be a good case to potentially split contributions. You could make an argument which takes priority, but I’d load up the pretax first because you the tax savings would almost be enough to pay for the funding of his Roth. I like pretax though, especially if you create other buckets to draw from. You can retire and delay social security and get a ton of that pretax money out in the 12% bracket (especially if you end up in a state w no income tax).

If the expenses are low in the 401k it is still a good option. I would probably do the Ira first and if you still can, also put some in the 401k.

Go to IRA. Beck Bode is a good form to help you

Not the best idea. His income is too high to get a deduction. 401k is better.

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