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401K vs. Savings Account

When deciding how to save for retirement, is it best to put your money in a 401K or a savings account? When is it better to save in a savings account for retirement and when is it better to save in a 401K for retirement and why?



Member advice on 401K vs. Savings Account  
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by Bryan_Carey

Bryan_Carey is a Top Reviewer on Epinions 		May 24 '01 Wise Investment Strategies Can Make You a Millionaire!
401K plans offer many advantages that make them an essential part of anyone's investment portfolio. If your employer offers 401K, sign up asap!... read full review 		Very Helpful
by patch3boys
 Mar 10 '00 401K Loan- Do The Benefits Out Weigh The Penalties!?!?
401k withdrawls are wonderful and very helpful, but with the taxes, it might be better to weigh out everything or plan ahead for this, before you actually go through it.... read full review 		Very Helpful
by Almighty
 Feb 11 '00 MAXING OUT EARLY CAN COST YOU!
... read full review 		Very Helpful
by Bruguru
 May 17 '01 How To Thumb Your Nose at the Taxman
A great way to save for a very rainy day, or a very bright retirement.... read full review 		Very Helpful
by DoubleCoog
 Mar 14 '00 Max it out - don't get behind the 8 ball
... read full review 		Very Helpful
by viper1963
 Apr 14 '00 401(k) - Take Advantage of Your Employers 401k Plan
... read full review 		Very Helpful
by hwz1
 Jan 06 '00 Do You Want to Retire Early? How About Retiring Wealthy? Read This For Insights
... read full review 		Very Helpful
by kelly60
 Sep 04 '00 What is best depends on you
... read full review 		Very Helpful
by jcare
 Mar 10 '00 Save some money first !!
... read full review 		Very Helpful
by BlackBear
 Mar 29 '00 How to create a savings plan that WORKS!
... read full review 		Very Helpful
by Profilewriter
 Jan 30 '00 When will you need your money?
... read full review 		Very Helpful
by Almighty
 Feb 04 '00 DON'T EVEN THINK OF PUTTING MONEY IN THE BANK!!
... read full review 		Very Helpful
by roynyr
 Sep 04 '00 Uncle Sam Loves Savings Accounts!
... read full review 		Very Helpful
by 1Goodguy
 Apr 18 '00 A little 401k trick
... read full review 		Very Helpful
by slhansen
 Feb 23 '00 401(k) plans can be GREAT
... read full review 		Very Helpful
by jaccav
 May 14 '01 Is a 401K OK for you?
If your finances are in order, you should take advantage of this savings plan!... read full review 		Very Helpful
by mattjoe
 Feb 18 '00 401k v. Bank
... read full review 		Very Helpful
by rivotter
 Jan 25 '00 Join a Credit Union!
... read full review 		Very Helpful
by Connecticut
 Oct 28 '00 401K - make the most $$ by maxing out EARLY
... read full review 		Very Helpful
by Marc_K
 Dec 25 '99 A slight twist: IRA + 401-K
... read full review 		Very Helpful
by Jennlee.2
 Feb 01 '00 Don't miss out on opportunity
... read full review 		Very Helpful
by Valenteenie
 Jan 24 '00 Savings for me. :)
... read full review 		Very Helpful
by r_u_smilen
 Jan 31 '00 401k ~ A wise investment
... read full review 		Very Helpful
by stonekoldk
 Nov 04 '00 401K + IRA + increase in amount you can put in = more $ at retirement
... read full review 		Very Helpful
by jacob411
 Dec 03 '00 Investing for your future.
... read full review 		Very Helpful
by dbhoutx
 Feb 11 '00 Save more for your future now
... read full review 		Very Helpful
by randilyn
 Jan 26 '00 401K - The FIRST Place You Should Invest
... read full review 		Very Helpful
by Dave_Ruber
 Dec 26 '99 Once you decide to invest in your 401K...
... read full review 		Very Helpful
by diggler
 Jan 15 '00 More to life than your 401k
... read full review 		Very Helpful
by Kracker
 Mar 08 '00 401k start as soon as you can.
... read full review 		Very Helpful
by JNJRAINSN7
 Mar 22 '00 A Little Extra Tid Bit
... read full review 		Very Helpful
by skadar
 Jan 26 '00 You're wasting time by reading this epinion. It's a no-brainer!
... read full review 		Very Helpful
by babyvalere
 Jan 28 '00 Savings over 401 K plan
... read full review 		Very Helpful
by tunga
 Jan 18 '00 Not as clear cut a decision...
... read full review 		Very Helpful
by Business_Bob
 Jan 13 '00 401's Offset Your Retirement
... read full review 		Very Helpful
by danielcarey
 Mar 08 '00 Vesting and 401k plans
... read full review 		Very Helpful
by NyteRyder
 Jan 28 '00 401(k) All the way
... read full review 		Very Helpful
by patoonya
 Oct 28 '00 401K All The Way
... read full review 		Very Helpful
by fongs2
 Jan 06 '00 Of course 401(k)
... read full review 		Very Helpful
by sarah2491
 Feb 23 '00 401K is the way to go
... read full review 		Very Helpful
by danielhorowitz
 Jan 27 '00 401k: Start Today
... read full review 		Very Helpful
by Invest_it_all
 Jan 12 '00 I agree with 401K + IRA
... read full review 		Very Helpful
by neim6882
 Jan 05 '00 You Want to be Rich!!!!!
... read full review 		Very Helpful
by spoalanm
 Mar 01 '00 All The Way With 401K.
... read full review 		Very Helpful
by SweePie0My
 Feb 12 '00 If it's easy to access, you'll spend it!
... read full review 		Very Helpful
by swoeste
 Jan 13 '00 401k - Start Today!
... read full review 		Very Helpful
by fastest2
 Jan 10 '00 401K- many times is FREE MONEY
... read full review 		Very Helpful
by beerbuff
 Mar 05 '00 Only one reason for using a bank savings account is
... read full review 		Very Helpful
by Misticke
 Jan 12 '00 I am saving for MY future
... read full review 		Very Helpful
by peggysharon
 Jan 27 '00 JUST DO IT!!!
... read full review 		Very Helpful
by swb
 Jan 14 '00 Tax Sheltered Annuities - Take Advantage Now!
... read full review 		Very Helpful
by martisullivan
 Jan 16 '00 Our Best Bet
... read full review 		Very Helpful
by gjacks
 Apr 06 '00 Both to be safe!
... read full review 		Very Helpful
by gant710688
 Jan 12 '00 Well Worth It
... read full review 		Very Helpful
by sentra
 Feb 16 '00 401k, You should research first
... read full review 		Helpful
by JH33194
 Jan 26 '00 Some financial security
... read full review 		Helpful
by lhs31
 Apr 02 '00 The Younger You Are, The More Chances You Can Take
... read full review 		Helpful
by nickyvee
 Apr 19 '00 401K - Self Direct and Retire Young
... read full review 		Helpful
by sapphire9
 Jan 27 '00 Savings or CD's not 401K
... read full review 		Helpful
by dlloyd
 Feb 25 '00 Savings account = waste
... read full review 		Helpful
by Castenell
 Sep 30 '00 401K Why Not?
... read full review 		Somewhat Helpful
by mikemuel
 Jan 11 '00 Take advantage of a 401k
... read full review 		Not yet rated
   

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