IRA or 401K
Posted by moneymatters on March 18, 2008
I have been always haunted by this question and I have not had a chance to do much research on it. Now, I am qualified to open a 401K account with my present employer and this question has become a reality for me. I plan to put 3% of my income to 401K from April. My spouse also has a 401K from his work and he invests a good chunk of his paycheck towards it.I am wondering whether it is a better idea to payoff the debts that we carry in our CC first than opening an IRA account for 2007?Any comments are welcome.
