tag:blogger.com,1999:blog-23943706.post6568528016250565509..comments2010-03-24T18:42:43.050-04:00Alexia Vernonhttp://www.blogger.com/profile/02377576867122400389noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-23943706.post-61521642409756730052010-03-04T10:33:39.151-05:002010-03-04T10:33:39.151-05:00I agree and disagree. I work in as an insurance professional providing company benefits. There is a hierarchy that needs to be met to supply the &quot;table legs&quot; needed for a good benefir plan.<br />They are:<br />1 - Healthcare - You nailed that one.<br />2 - It&#39;s actually a tie between life and disability (not worker&#39;s compensation). For my point here I will say disability is number two because this protects the paycheck if something happens away from work and helps keep your bills paid.<br />3 - Life insurance - The ONLY insurance guaranteed to pay anyone a dime. Needs vary here, but it is crucial to get the right kind in the right amounts.<br />4 - 401K - You listed it, but it&#39;s only a part of the plan.<br />With these 4, you have your &quot;table legs&quot; to build on.<br />Thank you for the thought provoking article, however.<br /><br />Gene Ramsay<br />www.generamsay.comGenehttp://www.blogger.com/profile/16775086045006656532noreply@blogger.comtag:blogger.com,1999:blog-23943706.post-91293913638501405802009-04-13T10:45:00.000-04:002009-04-13T10:45:00.000-04:00Job Hopper,<BR/><BR/>It was almost written in stone that, anyone in their early twenties should contribute as much as they can yearly into their 401k, however the question remains, is this is still good advice for these volatile economic times.<BR/><BR/>As a Financial planner, I advise my clients to take some time out of their busy schedules to sit down with me for a no obligation Financial Needs Analysis. I believe it is imperative to sit with a financial consultant and uniquely customize a plan for your financial needs.<BR/><BR/>I will be hosting a "Building Wealth" Seminar this evening<BR/><BR/>email me at:Fjoseph@ft.newyorklife.com for conference call details.<BR/><BR/>Fabiola Joseph, CMFS.Fabiolahttp://www.blogger.com/profile/15214624846170198210noreply@blogger.comtag:blogger.com,1999:blog-23943706.post-91840996825977270812009-04-10T10:58:00.000-04:002009-04-10T10:58:00.000-04:00Good post. Trying to figure out what to do about my 401(K). Any thoughts about how much someone in his early 20s should be contributing. I won't get a match for another year. Also, should I have a ROTH Ira outside of my company if I plan to bounce around a bit before staying with a company or perhaps branching out on my own?Job Hoppernoreply@blogger.com