Looking for a company to retire

Make a 5 year plan. Invest in a 401k with a company that also contributes and go otr for awhile. See the country. Make money. Gain weight (I'm sorry. Did I say that out loud?) And keep us posted on your journey. See ya down the road!

 

ODFL - had we not tired from the grind after 7 years, it's certainly a place folks retire from.

 

Any advice for a rookie starting out? start contributing to 401k right away? or wait until that second company after a year?

 

@Chinatown please dont forget Houston jk

 

Conventional wisdom says 1. Have an emergency fund stashed..at least $1,000. 2. Pay off debt. 3. Begin contributing to 401k or similar retirement vehicle with matching funds. At the same time continue to build emergency fund to cover income in the event of unemployment for whatever reason.

Retirement accounts can be transferred company to company or rolled into ira. You don't lose your own contributions. Company contributions become vested over time but matching funds are like the worlds best interest on savings. Plus you can borrow from your own 401k without penalty and pay it back with interest to yourself.

I would probably wait to contribute to 401k until company contributions begin but 401k contributions are pretax so that can be an advantage. That's a personal decision and everyone's circumstances are different.