Starting a new job - What will be your advice on retirement savings?

I've never worked as a 'perm', 'full time', 'regular' employee. I was a 'consultant' all these days. Tomorrow I'm meeting the HR person for my new job that I'll be starting in two weeks. I'm sure he is going to discuss with me about the benefits, retirement savings etc.





If he talks about retirement savings, what should I expect and how should I answer? I'm trying to be less clueless about 401K, IRA etc. What would be the best strategy to follow while negotiating those terms?





Can someone please help?





Thank you all.Starting a new job - What will be your advice on retirement savings?
401-K you cannot go wrong. See if your employer matches your contributions and if so, how much? Have the HR or benefits specialist go over all of the mutual funds that are available to you in the 401 plan. You need to find out what the expense ratio is on the funds you feel comfortable with, the HR/benefits person can easily produce this information for you. Get in the company's plan and start saving for your retirement.Starting a new job - What will be your advice on retirement savings?
????





You've found a company that will negotiate terms of their 401k/retirement plans?





Impressive.





Because they are typically non-negotiable, they are normally overlooked. And DON'T let them try to include it, that's a mug's game. Retirement plans are uniform for almost all employees, unless stock grants or options are being placed on your behalf.
I could be wrong here but most companies have a time requirement BEFORE you get the retirement accounts. Usually 6 months to a year. Then you get to make you choices as to how much and things. If they offer it upfront check the matching percent and is it cash match or stock match. Personally I do not like the stock matches because you can get beat if your company turns out like Enron.





Also they don't make you do those decisions on the fly. They allow you time because you may want to discuss it with your significant other.





Congratulations on the job!


Bob Laibach


www.gogreedy.com
Dont know if this is what your looking for?


Ask what is the maxim the company will match (%) to your your contribution.