401k

[StepBow]

Hi, I am 16 and just started working at Walmart. I was looking at the benefits and I saw that they double what you put into your 401k. I would put 5% into my paycheck so it would be about 20-25$ a week and then Walmart would double it. I checked with the manager it is allowed for a minor to do it. As of right now money is not tight for me I have a good car and about 12,000 in my bank account. I see myself using the money one day for business and college. On paper investing in my 401k right now seems like a good idea but down the line I may regret it. Any advice is appreciated

 

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[ZCP]

max out the double pay. get all you can from them.
you can get a loan against it or move it to a self directed ira to use later. or just let it grow!!
compounding is awesome. starting early will put you way ahead.

also, use $1k of your account to make $2k. find a hustle, start a business, get used to making deals.

 

[Raoul Duke]

Cheesecake.

That's a business to start. Yummy.