<prompt> Human: Im 28, just got hired for a company in LA that is paying me 40k plus full benefits and a 401k that the company will match any for over 3. I currently only have less than 1000 in checking and close to 4,000 in savings with my bank. I dont plan on making any big expenses or changing my living lifestyle drastically other than joining a gym lol. So with this additional money that is coming in I would love to start putting a good chunk of it away for longterm savings. Whats the best steps I should take? Some friends told me to get any amount over 10k in a Roth IRA. What should I do about this 401k? Is 10 good? Considering the company will match with with an additional 10?Thanks!Assistant: First of all - Congratulations! Effectively more than doubling your salary is HUGE!I think youre on the right path. Would suggest putting in as much as the company will match all or part of in your retirement account 401k. Pay yourself first is what my dad has always told me. Figure a percentage of your take home pay that youll put into savings. 10-15 is a good starting amount. Bump up if you can. I do not have one, but I hear that Roth IRAs are excellent.Human: I have heard from some negative people regarding the 401k dont bother cause by the time youre old enough there wont be any money left ect. Is there any truth to that?  <response>: No. Matching money into your 401k is free money. If they will match any amount, put as much as you can in. 10 is great. If you can afford to put more in and they will match it, that is better.The advantage of a 401k is that it grows tax free. The disadvantage is that you cannot get the money out without penalties until you are 60 years old. Do not worry about it not being there. 401k money is your money, not pension fund money. It will be there.Good luck. 