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submitted 11 months ago by LaunchesKayaks@lemmy.world to c/asklemmy@lemmy.ml

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I'm having a meeting to set mine up on Thursday. My company matches 3%, and that's what I'm putting in.

I hope that the dude I'm meeting with can choose my investments for me, but idk if that's an option here.

I want to be prepared.

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[–] grabyourmotherskeys@lemmy.world 1 points 11 months ago* (last edited 11 months ago)

We don't have 401k here in Canada but it sounds like an RSP where the employer decides what options you have for investment.

I have nothing against financial advisers but they do steer you into investments with management fees. That's how they earn money.

I think you can self direct and choose investments which let you keep (reinvest) more of the returns. Just my opinion.

I guess if my employer was matching my contribution I'd put up with just about anything. :)

Anyway, just my opinion and not necessarily good advice for everyone.