Re: Retirement account and buying car
:) thanks for explaining. I thought you were one of the people who juast did not get 401Ks, I stand corrected.
as far as interest goes, thats why i had mentioned investing in equities and not bonds or moneymarket, not that moneymarket will give u the type of annual gains u need. and hey with equities u dont have the interest issue.. unless someone then says that the companies whose stocks are in the portfolio benefitr from interest based transacations and thus some of the benefits of interest are passed on to you, .. some hardcore folks stick to that and I just have to tell them that they are getting indirect benefit of interest even when they use electricity, walk on the streets or buy orange juice :)
I seriously hope that teaser starts a 401K now, early start is key.