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Asked 3/17/2010

I am 67 and returning to work for the 2010 time frame. Should I sign up to contribute to a 401K plan at this time in my life

I already have a 401K plan. I need as many deductions as I can find when I return to work next week. But not sure about creating a new 401K at this time of life, 67 1/2.

 
 
 
 
 
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Answer 1/1 - Submitted 3/17/2010

If there's an employer match, that's free money. I'd certainly do it. You won't have to take distributions until 70 1/2, so there's no reason for you not to this if you'd like.

 
 
 
 
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